
The price of the basket of crudes of the Organization of Petroleum Exporting Countries (OPEC) was up 73 cents on Wednesday and stood at USD 106.53 a barrel (pb), compared with USD 105.80 the previous day. The OPEC price bulletin said the annual price of the 12-crude basket for last year was USD 109.45 pb. The current OPEC Reference Basket of Crudes (ORB) is made up of 12 crudes. It includes 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).
GMT 22:17 2018 Monday ,22 January
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Kuwaiti oil price up 93 cents to stand at US$66.09 per barrel

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