opec

Crude Oil Price Movements: Crude oil spot prices declined in November, amid concerns regarding the emergence of the new Omicron COVID-19 variant, and easing of the energy crunch which had resulted in higher oil demand from the gas-to oil switching. The OPEC Reference Basket (ORB) value dropped by $1.74, or …

Vienna, Austria, 13 December 2021 – The price of OPEC basket of thirteen crudes stood at $74.03 a barrel on Friday, compared with $75.37 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, 10 December 2021 – The price of OPEC basket of thirteen crudes stood at $75.37 a barrel on Thursday, compared with $75.09 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 Declaration of Cooperation (DoC) between OPEC Member Countries and 10 non-OPEC oil-producing countries turned five today, 10 December 2021. On this day in 2016, OPEC Member Countries and Azerbaijan, the Kingdom of Bahrain, Brunei Darussalam, Equatorial Guinea (which later joined OPEC), Kazakhstan, Malaysia, Mexico, the Sultanate of Oman, the …

Vienna, Austria, 9 December 2021 – The price of OPEC basket of thirteen crudes stood at $75.09 a barrel on Wednesday, compared with $74.61 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, 7 December 2021 – The price of OPEC basket of thirteen crudes stood at $71.41 a barrel on Monday, compared with $71.61 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, 6 December 2021 – The price of OPEC basket of thirteen crudes stood at $71.61 a barrel on Friday, compared with $70.03 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, 2 December 2021 – The price of OPEC basket of thirteen crudes stood at $71.63 a barrel on Wednesday, compared with $71.01 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), …

With sights set firmly on tomorrow’s OPEC+ meeting, oil markets are rising today on the expectation that the alliance of oil producers will either stay the course on their conservative supply increases or dig their heels in further in response to the threat posed by the Omicron variant. Decisions made by the …

Vienna, Austria, 1 December 2021 – The price of OPEC basket of thirteen crudes stood at $71.01 a barrel on Tuesday, compared with $74.20 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), …