VIENNA, Jan 24 (KUNA) -- OPEC's daily basket price stood at USD 63.26 a barrel Thursday compared with USD 64.66 the previous day, the organization said in its Friday's bulletin.
The OPEC Reference Basket of Crudes (ORB) is made up of Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Oriente (Ecuador), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Islamic Republic of Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).
Annual average of the OPEC basket price hit USD 64.04 per barrel last year.
OPEC and non-OPEC countries, known as OPEC+, signed an agreement on December 6 to increase crude production cuts by 500,000 bpd to raise reduction of output to 1.7 million bpd till first quarter of this year. (end) amg.rk