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Kuwait- OPEC basket price down to USD44.03 pb
(MENAFN- Kuwait News Agency (KUNA)) VIENNA, June 17 (KUNA) -- The OPEC daily basket price stood at USD 44.03 a barrel Thursday, compared with USD 45.36 the previous day, the organization said on Friday.
The average basket price for 2015 hit USD 49.64 pb, it said in a statement.
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 (Venezuela) During their meeting in Vienna on June 2, OPEC oil ministers emphasized that Member Countries should continue to closely monitor developments in the coming months, and if necessary meet again and suggest further measures according to prevailing market conditions.
They also decided that its next Ordinary Meeting will convene in Vienna on November 30, 2016. (end) amg.mt
The average basket price for 2015 hit USD 49.64 pb, it said in a statement.
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 (Venezuela) During their meeting in Vienna on June 2, OPEC oil ministers emphasized that Member Countries should continue to closely monitor developments in the coming months, and if necessary meet again and suggest further measures according to prevailing market conditions.
They also decided that its next Ordinary Meeting will convene in Vienna on November 30, 2016. (end) amg.mt
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