Tag: OPEC
Oil prices ease on rising supplies
(dpa-AFX) - Oil prices fell slightly on Friday as investors weighed rising supplies from major producers and the impact of Covid-19 lockdowns on fuel...
Nigeria’s move to develop huge gas deposit “step in right direction”
Nigeria's move to develop its huge gas deposit was a step in the right direction, said Mohammed Barkindo, secretary-general of the Organization of the...
OPEC daily basket price stands at US$44.24 per barrel
The Organization of the Petroleum Exporting Countries (OPEC) daily basket price stood at 44.24 U.S. dollars a barrel on Wednesday, compared with 44.29 dollars...
OPEC daily basket price increases to US$44.29 per barrel
The Organization of the Petroleum Exporting Countries (OPEC) daily basket price increased to 44.29 U.S. dollars a barrel on Tuesday, compared with 43.03 dollars...
OPEC daily basket price stands at US$43.03 per barrel
The Organization of the Petroleum Exporting Countries (OPEC) daily basket price stood at 43.03 U.S. dollars a barrel on Monday, compared with 43.22 dollars...
OPEC daily basket price stands at US$43.22 per barrel
The Organization of the Petroleum Exporting Countries (OPEC) daily basket price stood at 43.22 U.S. dollars a barrel on Friday, compared with 43.80 dollars...
OPEC+ moves to 2nd phase of oil cuts by easing output restrictions
The Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC countries decided in a meeting on Wednesday to move to the second phase of...
OPEC daily basket price stands at US$43.44 per barrel
The Organization of the Petroleum Exporting Countries (OPEC) daily basket price stood at 43.44 U.S. dollars a barrel on Wednesday, compared with 43.15 dollars...
OPEC daily basket price stands at US$35.09 per barrel
The Organization of the Petroleum Exporting Countries' (OPEC) daily basket price stood at 35.09 U.S. dollars a barrel on Monday, compared with 35.06 dollars...
Oil prices climb ahead of OPEC+ meeting
Oil prices gained on Tuesday as market participants bet on extending output cuts by major oil producers.
The West Texas Intermediate for...
OPEC daily basket price stands at US$28.45 per barrel
The Organization of the Petroleum Exporting Countries' (OPEC) daily basket price stood at 28.45 U.S. dollars a barrel on Thursday, compared with 29.03 dollars...
OPEC daily basket price stands at US$22.83 per barrel
The Organization of the Petroleum Exporting Countries (OPEC) daily basket price stood at 22.83 U.S. dollars a barrel on Tuesday, compared with 22.71 dollars...
OPEC daily basket price stands at US$22.71 per barrel
The Organization of the Petroleum Exporting Countries (OPEC) daily basket price stood at 22.71 U.S. dollars a barrel on Monday, compared with 22.21 dollars...
OPEC daily oil price increases to US$18.36 per barrel
The Organization of the Petroleum Exporting Countries (OPEC) daily basket price increased to 18.36 U.S. dollars a barrel on Monday, compared with 16.52 dollars...
OPEC daily basket price increases to US$15.23 per barrel
The Organization of the Petroleum Exporting Countries (OPEC) daily basket price increased to 15.23 U.S. dollars a barrel on Thursday, compared with 12.22 dollars...
OPEC daily basket price drops to US$12.22 per barrel
The Organization of the Petroleum Exporting Countries (OPEC) daily basket price dropped to 12.22 U.S. dollars a barrel on Wednesday, compared with 14.63 dollars...
OPEC daily basket price stands at US$14.63 per barrel
The Organization of the Petroleum Exporting Countries (OPEC) daily basket price stood at 14.63 U.S. dollars a barrel on Tuesday, compared with 14.19 dollars...
Brent crude falls below US$26 per barrel
Brent crude plummeted below 26 U.S. dollars a barrel at one point Monday night as global oil price continues to slump amid the coronavirus...
OPEC daily basket price plunges to US$17.51 per barrel
The Organization of the Petroleum Exporting Countries (OPEC) daily basket price dropped to 17.51 U.S. dollars a barrel on Wednesday, compared with 19.70 dollars...
OPEC daily basket price drops to US$19.70 per barrel
The Organization of the Petroleum Exporting Countries (OPEC) daily basket price dropped to 19.70 U.S. dollars a barrel on Tuesday, compared with 21.18 dollars...
OPEC daily basket price stands at US$21.18 per barrel
The Organization of the Petroleum Exporting Countries (OPEC) daily basket price stood at 21.18 U.S. dollars a barrel on Monday, compared with 21.77 dollars...
Putin, Trump, King Salman agree to coordinate on stabilizing oil markets – Kremlin
Russia, the United States and Saudi Arabia have agreed to coordinate on stabilizing oil markets and minimize the impact of oil price volatility on...
OPEC+ to cut production by 10 million b/p, pending consent of Mexico
The Organization of the Petroleum Exporting Countries (OPEC) and its allies led by Russia, known as OPEC+, reached on Thursday a tentative agreement to...
South Sudan to join OPEC-led efforts in stabilizing oil market
South Sudan has committed to join measures by the Organization of the Petroleum Exporting Countries (OPEC) to prevent volatility and restore stability in the...
OPEC daily basket price stands at US$26.94 per barrel
The Organization of the Petroleum Exporting Countries (OPEC) daily basket price stood at 26.94 U.S. dollars a barrel on Wednesday, compared with 26.53 dollars...
OPEC daily basket price increases
The Organization of the Petroleum Exporting Countries (OPEC) daily basket price increased to 52.65 U.S. dollars a barrel on Tuesday, compared with 51.65 dollars...
Weekly oil prices slump amid growing concerns over demand destruction
Oil prices plunged for the week ending Feb. 28 with the prices of West Texas Intermediate (WTI) for April delivery down 16.15 percent and...
OPEC daily basket price decreases
The Organization of the Petroleum Exporting Countries (OPEC) daily basket price decreased to 55.88 U.S. dollars a barrel on Tuesday, compared with 56.11 dollars...
OPEC daily basket price increases
The Organization of the Petroleum Exporting Countries (OPEC) daily basket price increased to 58.35 U.S. dollars a barrel on Wednesday, compared with 56.68 dollars...
EIA expects OPEC to further cut crude oil production in 2020
The U.S. Energy Information Administration (EIA) on Tuesday forecast that the Organization of the Petroleum Exporting Countries (OPEC) will reduce crude oil production in...