OPEC crude basket drops 79 cents
VIENNA - Arabstoday
OPEC's 12-crude basket price dropped on Wednesday by USD 1.75 to USD 116.96 pb, compared to USD 118.75 pb last Tuesday, the oil cartel said Thursday. It said in a statement that annual price average of OPEC crude last year was USD 77.45 pb. OPEC basket comprises 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).
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