OPEC daily basket price closes lower

Vienna, Aug 24 (IANS/WAM) The price of OPEC's basket of 14 crudes stood at $45.34 a barrel on Tuesday, compared with $46.04 on Monday, according to OPEC Secretariat.

The OPEC Reference Basket of Crudes (ORB) is made up of the following: Murban (UAE), Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Rabi Light (Gabon), Minas (Indonesia), Iran Heavy (Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Qatar Marine (Qatar), Arab Light (Saudi Arabia) and Merey (Venezuela). A barrel equals 159 litres.