opec

OPEC’s proposal to cut oil production by up to 1 million barrels per day would be enough to balance the market and lift oil prices back to $60 a barrel, Leonid Fedun, vice-president of Russia’s second-biggest oil producer Lukoil, told Reuters. Fedun’s comments suggest Russia may be willing to agree …

Vienna, Austria, 2 March 2020—The price of OPEC basket of fourteen crudes stood at $50.16 a barrel on Friday, compared with $51.89 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, 27 February 2020—The price of OPEC basket of fourteen crudes stood at $54.01 a barrel on Wednesday, compared with $55.88 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, 26 February 2020—The price of OPEC basket of fourteen crudes stood at $55.88 a barrel on Tuesday, compared with $56.11 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, 25 February 2020—The price of OPEC basket of fourteen crudes stood at $56.11 a barrel on Monday, compared with $58.17 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, 24 February 2020—The price of OPEC basket of fourteen crudes stood at $58.17 a barrel on Friday, compared with $58.94 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, 19 February 2020—The price of OPEC basket of fourteen crudes stood at $56.68 a barrel on Tuesday, compared with $57.24 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 February 2020—The price of OPEC basket of fourteen crudes stood at $56.73 a barrel on Friday, compared with $55.86 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, 14 February 2020—The price of OPEC basket of fourteen crudes stood at $55.86 a barrel on Thursday, compared with $55.54 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), …

The January OPEC Reference Basket (ORB) value ended $1.38, or 2.1%, lower, month-on-month (m-o-m), averaging $65.10/b. In January, ICE Brent averaged $1.50, or 2.3%, m-o-m lower at $63.67/b, while NYMEX WTI dropped $2.28, or 3.8%, averaging $57.53/b. Year-to-date (y-t-d), ICE Brent was $3.43, or 5.7%, higher at $63.67/b, while NYMEX …