OPEC daily basket price at $103.96 a barrel Monday

The price of OPEC basket of twelve crudes stood at US$103.96 dollars a barrel yesterday Monday, compared with US$103.20 the previous Friday July 5, according to the latest calculations by OPEC Secretariat, the executive organ of the Organization of the Petroleum Exporting Countries (OPEC). The new OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Iran Heavy (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).