opec

Vienna, Austria, 22 February 2022 – The price of OPEC basket of thirteen crudes stood at $94.28 a barrel on Monday, compared with $92.79 the previous Friday, according to OPEC Secretariat calculations (view archives). The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), …

Vienna, Austria, 21 February 2022 – The price of OPEC basket of thirteen crudes stood at $92.79 a barrel on Friday, compared with $94.03 the previous day, according to OPEC Secretariat calculations (view archives). The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), …

Vienna, Austria, 17 February 2022 – The price of OPEC basket of thirteen crudes stood at $95.32 a barrel on Wednesday, compared with $94.73 the previous day, according to OPEC Secretariat calculations (view archives). The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), …

Vienna, Austria, 15 February 2022 – The price of OPEC basket of thirteen crudes stood at $95.16 a barrel on Monday, compared with $92.85 the previous Friday, according to OPEC Secretariat calculations (view archives). The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), …

Crude Oil Price Movements: Crude oil spot prices rebounded in January, compared to the previous month, as oil futures markets surged. Crude prices were supported by strong global oil market fundamentals amid dissipating fears about the impact of the COVID-19 Omicron variant and geopolitical risks, which raised concerns about near-term …

Vienna, Austria, 10 February 2022 – The price of OPEC basket of thirteen crudes stood at $91.84 a barrel on Wednesday, compared with $92.17 the previous day, according to OPEC Secretariat calculations (view archives). The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), …

Oil markets are walking a tight rope today as the specter of the Omicron variant appears to be waning in many parts of the world, encouraging countries to relax restrictions and boosting crude demand as a result. Rising demand often comes hand-in-hand with upward price movements, but a long-awaited supply …

Vienna, Austria, 9 February 2022 – The price of OPEC basket of thirteen crudes stood at $92.17 a barrel on Tuesday, compared with $93.42 the previous day, according to OPEC Secretariat calculations (view archives). The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), …

Vienna, Austria, 8 February 2022 – The price of OPEC basket of thirteen crudes stood at $93.42 a barrel on Monday, compared with $92.84 the previous Friday, according to OPEC Secretariat calculations (view archives). The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), …

Global oil markets are in a holding pattern this morning as supply and demand signals balance each other out, waiting for further developments in US-Iran nuclear talks and Eastern European tensions before significant moves become apparent. Supplies of crude and transportation fuels are struggling to keep up with demand, and …