OPEC daily basket price went up by USD 1.27 to USD 103.39 a barrel on Monday compared with USD 102.12 pb on Friday. The annual rate for the OPEC basket for 2012 was USD 109.45 pb, the cartel 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 (Venezuela).