
Russian Oil Output Falls to 9.39 Million bpd in May, Close to OPEC+ Goal: Ifax
Russian oil and gas condensate production fell to 39.7 million tonnes (9.39 million barrels per day) in May, near its target under a deal within the OPEC+ group, Interfax news agency reported on Tuesday, citing energy ministry data. The figure was in line with data from sources, reported by Reuters …

OPEC Daily Basket Price: Monday, 1 June 2020, Stood at $33.68 a Barrel
Vienna, Austria, 2 June 2020–The price of OPEC basket of thirteen crudes stood at $33.68 a barrel on Monday, compared with $29.01 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), Girassol (Angola), Djeno (Congo), …

OPEC Daily Basket Price: Thursday, 28 May 2020, Stood at $28.45 a Barrel
Vienna, Austria, 29 May 2020–The price of OPEC basket of thirteen crudes stood at $28.45 a barrel on Thursday, compared with $29.03 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), Girassol (Angola), Djeno (Congo), …

RussNeft Has Fulfilled Its Obligations to Reduce Oil Production
By the middle of May, PJSC “RussNeft” fulfilled its obligations to reduce oil production within the frames of the agreement between the Russian Federation, OPEC member-states and non-OPEC countries, which acceded to this agreement. The operational plan of production reduction provided for changes in its structure and shutdown of wells …

OPEC Daily Basket Price Stood at $29.03 a Barrel Wednesday, 27 May 2020
Vienna, Austria, 28 May 2020–The price of OPEC basket of thirteen crudes stood at $29.03 a barrel on Wednesday, compared with $29.75 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 (Congo), …

OPEC Daily Basket Price: Tuesday, 26 May 2020, Stood at $29.75 a Barrel
Vienna, Austria, 27 May 2020–The price of OPEC basket of thirteen crudes stood at $29.75 a barrel on Tuesday, compared with $28.06 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), Girassol (Angola), Djeno (Congo), …

China and OPEC Commit to Working Together to Help Stabilize the Global Oil Market
Administrator of National Energy Administration, People’s Republic of China, HE Zhang Jianhua and delegation, along with HE Wang Qun, Permanent Representative and Ambassador Plenipotentiary and Extraordinary of the Permanent Mission of the People’s Republic of China to the United Nations and other International Organizations in Vienna, met with OPEC Secretary General HE Mohammad Sanusi …

OPEC Daily Basket Price: Tuesday, 19 May 2020, Stood at $28.43 a Barrel
Vienna, Austria, 20 May 2020–The price of OPEC basket of thirteen crudes stood at $28.43 a barrel on Tuesday, compared with $28.21 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 (Congo), …

OPEC Daily Basket Price: Monday, 18 May 2020, Stood at $28.21 a Barrel
Vienna, Austria, 19 May 2020–The price of OPEC basket of thirteen crudes stood at $28.21 a barrel on Monday, compared with $26.54 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), Girassol (Angola), Djeno (Congo), …

OPEC Daily Basket Price: Friday, 15 May 2020, Stood at $26.54 a Barrel
Vienna, Austria, 18 May 2020–The price of OPEC basket of thirteen crudes stood at $26.54 a barrel on Friday, compared with $24.93 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 (Congo), …