opec

OPEC takes pride in honouring and celebrating its rich and unique history and heritage, particularly on the Anniversary of its founding on 14 September 1960. The year 2021 marks the 61st Anniversary of that auspicious day and represents an opportunity to reflect on the Organization’s past and look to the …

Crude Oil Price Movements: The OPEC Reference Basket (ORB) averaged $70.33/b in August, representing a decline of $3.20 m-o-m, or 4.4%. Year-to-date (y-t-d), ORB was $25.42, or 62.8%, higher, averaging $65.93/b. Crude oil futures prices on both sides of the Atlantic moved sharply lower in August, reaching their lowest levels …

Vienna, Austria, 13 September 2021 – The price of OPEC basket of thirteen crudes stood at $71.98 a barrel on Friday, compared with $71.82 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, 9 September 2021 – The price of OPEC basket of thirteen crudes stood at $71.19 a barrel on Wednesday, compared with $71.35 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), …

The Gas Exporting Countries Forum (GECF), the global platform of the leading gas producing countries, on Monday joined OPEC, non-OPEC, and a plethora of other international energy organisations to present a unified front on the advancement of natural gas as part of a balanced energy solution to achieve sustainable development …

Vienna, Austria, 8 September 2021 – The price of OPEC basket of thirteen crudes stood at $71.35 a barrel on Tuesday, compared with $71.30 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 First Ministerial Roundtable on Energy, Climate and Sustainable Development was held today, Monday, 6 September 2021, via videoconference. The meeting was held under the framework of the Charter of Cooperation (CoC) and provided an engaging platform for discussions on key issues related to the energy industry, including global efforts …

Vienna, Austria, 7 September 2021 – The price of OPEC basket of thirteen crudes stood at $71.30 a barrel on Monday, compared with $72.58 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 September 2021 – The price of OPEC basket of thirteen crudes stood at $72.58 a barrel on Friday, compared with $71.64 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), …

Vienna, Austria, 2 September 2021–The price of OPEC basket of thirteen crudes stood at $71.27 a barrel on Wednesday, compared with $71.43 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), Girassol (Angola), Djeno …