opec

Vienna, Austria, 28 January 2022 – The price of OPEC basket of thirteen crudes stood at $90.20 a barrel on Thursday, compared with $89.35 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 experiencing a degree of inflation immunity today as benchmarks rise despite the US Federal Reserve’s announcement that an interest rate hike will come in March, a move that would typically provide some downside pressure on prices. The bullish momentum is primarily driven by military tensions and uncertainty …

Vienna, Austria, 27 January 2022 – The price of OPEC basket of thirteen crudes stood at $89.35 a barrel on Wednesday, compared with $87.35 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, 26 January 2022 – The price of OPEC basket of thirteen crudes stood at $87.35 a barrel on Tuesday, compared with $87.98 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 finding the balance between tight supply and U.S. financial market dynamics today, fresh off the back of seven-year highs and on track to hit steady monthly gains for January. Despite global supply concerns emanating from Ukraine-Russia tensions, threats to infrastructure in the UAE and OPEC+ struggling to …

Vienna, Austria, 25 January 2022 – The price of OPEC basket of thirteen crudes stood at $87.98 a barrel on Monday, compared with $87.46 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, 24 January 2022 – The price of OPEC basket of thirteen crudes stood at $87.46 a barrel on Friday, compared with $88.55 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, 21 January 2022 – The price of OPEC basket of thirteen crudes stood at $88.55 a barrel on Thursday, compared with $88.50 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, 20 January 2022 — The price of OPEC basket of thirteen crudes stood at $88.50 a barrel on Wednesday, compared with $88.08 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), …

The reason oil prices are reaching multi-year highs is the unexpected product gap the market is facing, as the theme so far for 2022 is that the oil market is short of the oil supply it anticipated for the beginning of 2021. Unplanned outages this month have flipped what was …