Tag Archive

ENERGY NEWSTRACK TO  14/02/19:

ENERGY NEWSTRACK TO 14/02/19:

February 14, 2019 No Comments

The price of OPEC basket of fourteen crudes stood at $62.94 a barrel on Wednesday, 13 February 2019, compared with $61.88 the previous day, according to OPEC Secretariat calculations The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Oriente (Ecuador), Zafiro (Equatorial Guinea), Rabi […]

Tags: ,
Washington Eyes Crackdown On OPEC

Washington Eyes Crackdown On OPEC

February 11, 2019 No Comments

Legislation targeting OPEC is suddenly gaining steam in the U.S. Congress, raising alarm bells for the cartel. On Thursday, the House Judiciary Committee passed a bill that would allow the U.S. Justice Department to sue members of OPEC for manipulating the oil market. The so-called “NOPEC” bill would remove sovereign immunity, exposing member countries to […]

Bill allowing U.S. to sue OPEC moves forward

Bill allowing U.S. to sue OPEC moves forward

February 11, 2019 No Comments

Legislation that would allow the U.S. government to sue OPEC for inflating oil prices cleared a key hurdle in the new session of Congress. The House Judiciary Committee, now led by Democrats, advanced the “No Oil Producing and Exporting Cartels Act” Thursday. That sets the bipartisan “NOPEC” bill, which would subject the cartel to possible […]

Crude Oil Price Movement to 20/12/18

Crude Oil Price Movement to 20/12/18

December 20, 2018 No Comments

The price of OPEC basket of fifteen crudes stood at$55.13 a barrel Wednesday, 19 December 2018, compared with $56.08 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Oriente (Ecuador), Zafiro (Equatorial Guinea), Rabi Light (Gabon), […]

Crude Oil Price Movement to 17/12/18

Crude Oil Price Movement to 17/12/18

December 17, 2018 No Comments

The price of OPEC basket of fifteen crudes stood at $59.07 a barrel on Friday, 14 December 2018, compared with $58.67 the previous day, according to OPEC Secretariat calculations. WTI CRUDE 51.83 BRENT CRUDE 61.12 Production cuts agreed by OPEC and its allies are on track to balance global oil markets in the first half […]

Deeper Oil Production Cuts may be needed in late 2019

Deeper Oil Production Cuts may be needed in late 2019

December 17, 2018 No Comments

Production cuts agreed by OPEC and its allies are on track to balance global oil markets in the first half of 2019, but more work may be needed after that. If Saudi Arabia, Russia and other countries in the so-called OPEC+ coalition cut production by 1.2 MMbpd as promised for the first six months of […]

Russia agrees oil output cut

Russia agrees oil output cut

December 3, 2018 No Comments

President Vladimir Putin said that Russia and Saudi Arabia had agreed to renew a pact on oil production cuts, as crude prices slump on global markets. Following talks at a G20 summit with Saudi Crown Prince Mohammed bin Salman, Putin reportedly stated, on Saturday the world’s two biggest exporters of crude “have agreed to extend […]

Support OPEC efforts to Restore Stability to the Oil Markets with Continued Production Cuts

Support OPEC efforts to Restore Stability to the Oil Markets with Continued Production Cuts

November 30, 2018 No Comments

The African Energy Chamber urges the Organization of the Petroleum Exporting Countries and other key global oil producers, including Russia, to continue with the historic production cuts at the December 6, 2018 OPEC meeting to stabilize the oil price. Oil prices have dropped by about 20 percent in November, and the month is likely to […]

OPEC  $59.29 a barrel

OPEC $59.29 a barrel

November 27, 2018 No Comments

OPEC daily basket price stood at $59.29 a barrel Monday, 26 November 2018 The plunge of the price of crude oil that has lost over 30% since the beginning of October, most likely is about to stop, experts polled by TASS assume. The upcoming meeting of OPEC+ nations in Vienna in early December will determine […]

Can We Expect A Major Rebound In Oil Prices?

Can We Expect A Major Rebound In Oil Prices?

November 20, 2018 No Comments

After declining by more than 20 percent from the October peak, oil prices are showing some signs that they have now bottomed out. WTI hit a low point at $56 per barrel on Wednesday and Brent hit a low just below $65 per barrel. Both crude benchmarks regained some ground at the end of the […]

Page 1 of 2412345»1020...Last »