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OPEC daily basket price registers USD 44.08
Mohamed Abdel Megeed Published in Albawaba on 29 - 01 - 2015

The OPEC daily basket price stood at $44.08 a barrel on Wednesday, compared with $43.24 the previous day, according to a statement by the cartel.
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).
OPEC oil ministers had agreed in November 2014 to leave production at a level of 30 million barrels a day which led to the decline in international oil prices.

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