Saudi Arabia and Russia, members of OPEC+, agreed to maintain the voluntary cut in oil production this November 30. However, the measure could not contain the price drop by 2.8 %, to settle at $82.59 per barrel.
The decline in the value of the barrel "occurred a day after several members of the…
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barrel of oil
OPEC assured that Venezuela’s oil production increased 9 %
Venezuela's oil production rose 9.4 %, rising from 669,000 barrels per day (bpd) to 732,000 bpd in January, according to the Organization of the Petroleum Exporting Countries (OPEC).
Estimates for 2022 were focused on Venezuela exceeding…
Barrel of oil stands at 91 dollars
The price of a barrel of Brent oil, a benchmark for Europe, exceeded the quota of 91 dollars before the opening of the markets of the Old Continent with an eye on the meeting to be held this week in Vienna by the representatives of the…
Oil price goes back above 100 dollars
The price of a barrel of Brent crude, a benchmark for Europe, again exceeded the threshold of 100 dollars on Wednesday, after Saudi Arabia speculated on the possibility of an adjustment in the production of the Organization of Petroleum…
Barrel of oil is approaching 100 dollars
The price of a barrel of oil reacted with sharp rises, bringing its price close to the level of 100 dollars, to the decision of the Russian president, Vladimir Putin, to recognize the independence of Donetsk and Lugansk, self-proclaimed…
Barrel of oil reaches 88 dollars
The price of a barrel of Brent quality oil, a reference for Europe, rose this Tuesday to almost reach 88 dollars, due to less concern about the impact on demand of the omicron variant and the tensions in the Middle East and Eastern Europe ,…
Oil price registers a rise
The price of a barrel of oil registered a strong advance both in its Brent variety, the reference for Europe, and in the West Texas Intermediate (WTI), the reference for the United States.
In the case of Brent oil, the price of a barrel…
Brent oil slows its decline in the markets
The oil market is still in decline; the main price references are in a process of historical decline due to the current situation caused by the coronavirus.
However, the Brent benchmark managed to reverse the 12% drop that led it to the…
Brent price suffered a new decrease
This Friday the cost of a barrel of Brent oil fell by 0.39% in price to reach 27.71 dollars.
After several weeks of uncertainty, when the price of Brent was seen to drop considerably due to the coronavirus, this trend continues despite the…
Oil registers its worst fall since 1991
During the night of Sunday, March 8, oil prices registered one of its worst falls since 1991.
Everything came after Saudi Arabia shocked the market with the start of a "price war" against its former ally, Russia.
This caused US oil to…
Oil price hit by the consequences of coronavirus
The price of oil fell more than 3% on Monday due to the growing impact of the coronavirus outbreak in the city of Wuhan (China), which also caused the main Chinese stock markets to collapse on their first business day since last January 23,…
Price of OPEC oil barrel showed a decline
Last Friday, November 23rd, the price of the OPEC reference barrel maintained a downward trend after closing at 60.27 dollars. The price represents a loss of 1.81 compared to $ 62.08 on Thursday.
Through its web page the organization…