Vienna - Qna
The price of the 12-crudes basket of the Organization of Petroleum Exporting Countries (OPEC) continued slipping, with 10 cents shed on Tuesday to settle at USD 108.32 pb, from USD 108.42 pb on Monday. OPEC\'\'s bulletin said the basket average price for August came to USD 77.45 pb in 2010. Kuwaiti crude is one in a basket of 12 crudes produced by OPEC members, along with Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Iran Heavy (Islamic Republic of Iran), Basra Light (Iraq), Es Sider (Libya), Bonny Light (Nigeria), Qatar Marine (Qatar), Arab Light (Saudi Arabia), Murban (UAE), and Merey (Venezuela).