OPEC daily basket price lost 60 cents last Monday and stood at USD 100.47 a barrel compared with USD 101.07 pb on Friday, the cartel bulletin said on Tuesday. OPEC said last year\'s annual basket price was USD 109.45 pb. OPEC\'s 12-crude basket includes Saharan Blend (Algerian), 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), Merey (Venezuela), Girassol (Angola), and Oriente (Ecuador). OPEC ministers decided, at their second meeting last December, to keep the production cap without a change at 30 million bpd.
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