opec

Vienna, Austria, 17 April 2020—The price of OPEC basket of thirteen crudes stood at $17.73 a barrel on Thursday, compared with $17.51 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 and allies led by Russia agreed on Sunday to a record cut in output to prop up oil prices amid the coronavirus pandemic in an unprecedented deal with fellow oil nations, including the United States, that could curb global oil supply by 20%. Measures to slow the spread of …

Days after OPEC+ reached a record deal to cut oil output in an attempt to shore up a market reeling from the coronavirus crisis, their calculations are in question. The Organization of the Petroleum Exporting Countries, along with Russia and other producing nations – known as OPEC+ – has partnered …

Vienna, Austria, 16 April 2020—The price of OPEC basket of thirteen crudes stood at $17.51 a barrel on Wednesday, compared with $19.70 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), …

Vienna, Austria, 15 April 2020—The price of OPEC basket of thirteen crudes stood at $19.70 a barrel on Tuesday, compared with $21.18 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), …

Dear colleagues, partners and customers! Dear friends! We are all going through a difficult period. Due to the spread of the coronavirus COVID-19, the usual course of things around the world has been disrupted. Residents of many countries, the healthcare system and the global economy as a whole are going through a …

The 10th (Extraordinary) OPEC and non-OPEC Ministerial Meeting was held via videoconference, on Sunday, 12 April 2020, under the Chairmanship of HRH Prince Abdul Aziz Bin Salman, Saudi Arabia’s Minister of Energy, and co-Chair HE Alexander Novak, Minister of Energy of the Russian Federation. The Meeting reaffirmed the continued commitment of …

Opec countries and allies led by Russia have agreed in principle to cut their oil output by more than a fifth and said they expected the United States and other producers to join in their effort to prop up prices hammered in the coronavirus crisis. But there was some confusion after …

Vienna, Austria, 9 April 2020—The price of OPEC basket of thirteen crudes stood at $21.19 a barrel on Wednesday, compared with $22.67 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), …

Vienna, Austria, 8 April 2020—The price of OPEC basket of thirteen crudes stood at $22.67 a barrel on Tuesday, compared with $23.48 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), …