LOC13:59
10:59 GMT
OPEC
VIENNA, Aug 24 (KUNA) -- The price of OPEC basket was down by 70 cents to settle at USD 45.34 per barrel Tuesday as oppose to USD 46.04 pb the day before, said a statement Wednesday
According to the OPEC bulletin, the annual average for the basket in 2015 was at USD 49.64 pb.
The new OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Rabi Light (Gabon), Minas (Indonesia), 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 (Venezuela). (end)
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