opec

Vienna, Austria, 22 November 2021 – The price of OPEC basket of thirteen crudes stood at $80.32 a barrel on Friday, compared with $79.37 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, 18 November 2021 – The price of OPEC basket of thirteen crudes stood at $81.10 a barrel on Wednesday, compared with $82.01 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), …

When the trajectory of the oil market’s supply tightness is being challenged by both the IEA and OPEC, it’s difficult for the trading mood to not turn bearish. Prices are falling on forecasts that the world may see oil surpluses again from as early as next month, if OPEC expectations …

Vienna, Austria, 16 November 2021 – The price of OPEC basket of thirteen crudes stood at $80.84 a barrel on Monday, compared with $81.64 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), …

This week has been a good reminder for oil markets that prices are not only affected by the supply-demand trajectory, but also from monetary policy forecasts and by forms of government intervention. Although balances are tight, creating a bullish environment for oil through year-end, oil this week lost dollars in …

Vienna, Austria, 12 November 2021 – The price of OPEC basket of thirteen crudes stood at $81.93 a barrel on Thursday, compared with $83.69 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), …

Crude Oil Price Movements: Crude oil spot prices surged by more than 12% in October, on the back of soaring energy prices in Europe and Asia. Strong oil market fundamentals, compounded by expectations of higher oil demand in the winter months from “gas to oil switching”, have supported both spot …

Vienna, Austria, 11 November 2021 – The price of OPEC basket of thirteen crudes stood at $83.69 a barrel on Wednesday, compared with $82.64 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), …

Even though oil prices are losing a few cents to the dollar today, the overall sentiment has lifted since yesterday and the market should see the forest for the trees, as overall market conditions remain bullish and – under the current oil supply status quo – oil valuation is on …

Vienna, Austria, 10 November 2021 – The price of OPEC basket of thirteen crudes stood at $82.64 a barrel on Tuesday, compared with $82.34 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), …