The price of OPEC's basket of fourteen crudes stood at US$44.53 a barrel on Tuesday, compared with $45.83 the previous day, according to OPEC Secretariat calculations, released today.

    The OPEC Reference Basket of Crudes is made up of the following: Qatar Marine (Qatar), Arab Light (Saudi Arabia), 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) and Merey (Venezuela).