OPEC Daily Basket Price Stood at $64.65 a Barrel Tuesday, May 1, 2007

Vienna, Wednesday, 2 May 2007 -- The price of OPEC basket of eleven crude oils stood at 64.65 dollars a barrel on Tuesday, compared with 64.12 dollars the previous day, according to OPEC Secretariat calculations.

The new OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Minas (Indonesia), 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 BCF 17 (Venezuela).

Source: Organization of the Petroleum Exporting Countries