OPEC daily basket price edges up on Monday

The price of OPEC's daily basket edged upward in Monday's trading

The price of OPEC basket of twelve crudes stood at US$100.91 dollars a barrel on Monday, compared with US$100.71 the previous Friday, according to the calculations by the 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.