China's National Development and Reform Commission announced a reduction in retail prices of gasoline and diesel starting this Wednesday. This measure is taken in response to recent changes in oil prices on the international market.
According to the country's top economic regulator, gasoline prices…
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oil market
Oil market is in a “state of schizophrenia”
The Organization of Petroleum Exporting Countries (OPEC) warned that the crude oil market is operating under a "state of schizophrenia", so it is not sending the right signals to be balanced, according to its monthly report on the market.…
War conflict between Russia and Ukraine disturbs oil market
The economist and oil expert Rafael Quiroz considers that the war between Russia and Ukraine is of a political nature, however, its effects disturb the oil market, particularly in the increase in the price of crude oil, because for the…
OPEC + maintains increase in crude oil on the world market
The ministers of the nations that make up the Organization of the Petroleum Exporting Countries plus Russia confirmed that they will continue with the plan to progressively increase the supply of crude oil by 2 million barrels per day, as…
Opep will seek to reactivate the oil market
This week, the members of the Organization of Petroleum Exporting Countries (OPEC), along with other producers such as Russia, will meet to try to find a way to reactivate this market.
A change in terms of the reduction of production,…
G20 will meet to find a solution to the oil issue
The energy ministers of the countries belonging to the G20 will hold a telephone meeting this Friday to find a global solution to the situation of the oil market, as reported by the agency in a statement Tuesday.
The G20, which is chaired…
OPEC will analyze coronavirus effects in the oil market
The Joint Ministerial Committee for Supervision of the Organization of Petroleum Exporting Countries (OPEC) will hold a meeting away from the press, where they plan to evaluate the effects of the coronavirus on the oil market.
However, the…