LOC14:39
11:39 GMT
VEINNA, May 26 (KUNA) -- The OPEC daily basket price on Tuesday stood at USD 61.18 a barrel Monday, compared with USD 62.03 the previous day, the cartel said here on Tuesday.
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 recent annual meeting, OPEC oil ministers had agreed to maintain production at a level of 30 million barrels a day. (end)
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