OPEC basket price up to USD 63.62 pb

VIENNA, May 6 (KUNA) -- The OPEC daily basket price went up by 77 cents to USD 63.62 a barrel Tuesday, compared with USD 62.85 the previous day, the cartel said on Wednesday.
The average annual rate of the OPEC basket price hit USD 105.85 pb, it said.
The new OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Iran Heavy (Islamic Republic of Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Qatar Marine (Qatar), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venez).
In their annual meeting on November 27, 2014, OPEC oil ministers agreed to maintain the country's crude output ceiling at a level of 30 million barrels a day. (end) amg.mt