OPEC price down at USD 105.16 pb

OPEC's daily basket price decreased to USD 105.16 a barrel on Friday, compared with USD 107.10 pb on Thursday. OPECNA, the news bulletin of the Organization of Petroleum Exporting Countries (OPEC), said in a statement on Monday that the average annual price of OPEC's 12-crude basket, of the past year, stood at USD 107.46 pb. 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).