OPEC crude price down to $55.52 per barrel
OPEC
Vienna - KUNA
OPEC daily basket price stood at USD 55.52 a barrel Friday, compared with USD 56.30 the previous day, the cartel said here on Monday.
The monthly rate of the OPEC hit USD 75.57 pb in November against USD 85.06 pb in October, it said.
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 (Venez). During their recent meeting, OPEC oil ministers decided to maintain the cartel's production level at 30 million barrels per day.
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