VIENNA, May 20 (KUNA) -- Organisation of Petroleum Exporing Countries (OPEC) announced on Friday that the price of its 12-crude basket rose Thursday USD 0,48 to USD 107.88 per barrel, compared to USD 107.40 pb on Wednesday.
OPEC basket comprises 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).
OPEC oil minister will hold their regular ministerial meeting in Vienna, on June 8, to discuss the market supply and demand, besides altering the current OPEC production ceiling, which is USD 29 million barrels per day.(end) amg.rk KUNA 201313 May 11NNNN
