opec

Vienna, Austria, 19 March 2020—The price of OPEC basket of thirteen crudes stood at $27.31 a barrel on Wednesday, compared with $30.36 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, 17 March 2020—The price of OPEC basket of thirteen crudes stood at $30.63 a barrel on Monday, compared with $34.14 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), …

[Joint Statement] Leaders expressed deep concerns about the grave global health crisis caused by the coronavirus (COVID-19) and its related impacts on the stability of economies and markets, notably in developing countries. The Executive Director of the International Energy Agency (IEA), Dr Fatih Birol, and the Secretary General of the Organization of …

Vienna, Austria, 16 March 2020—The price of OPEC basket of thirteen crudes stood at $34.13 a barrel on Friday, compared with $33.25 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, 13 March 2020—The price of OPEC basket of fourteen crudes stood at $33.25 a barrel on Thursday, compared with $35.54 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), …

Russia’s second-largest oil company Lukoil urged crude producing countries on Wednesday to continue cooperating to tackle the impact of the coronavirus on the energy market. Lukoil head Vagit Alekperov also told investors on a conference call that he expected a meeting this month of a panel of experts from OPEC …

Vienna, Austria, 12 March 2020—The price of OPEC basket of fourteen crudes stood at $35.54 a barrel on Wednesday, compared with $35.71 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), …

The OPEC Reference Basket (ORB) value fell sharply in February, tumbling by about $10, or 15%, month-on-month (m-o-m), to settle at an average of $55.49/b, its lowest since September 2017. The ORB dropped further in March, to close at $34.71/b on 9 March. Similarly, ICE Brent fell in February by …

Vienna, Austria, 10 March 2020—The price of OPEC basket of fourteen crudes stood at $34.71 a barrel on Monday, compared with $48.33 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), …

Vienna, Austria, 3 March 2020—The price of OPEC basket of fourteen crudes stood at $51.65 a barrel on Monday, compared with $50.16 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), …