OPEC basket price up to USD 47.76 pb

VIENNA, June 9 (KUNA) — The OPEC basket price went up by USD 1.13 to USD 47.76 per barrel (pb) on Wednesday, compared with USD 46.63 pb the earlier day, the OPEC said on Thursday.
The annual average rate of the OPEC basket was USD 49.64 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).
During their recent meeting in Vienna, OPEC oil ministers urged member states to monitor oil market developments, but not to set an output ceiling. (end) amg.mt