Average price of AZERI LT CIF, extracted at Azerbaijan’s Azeri-Chirag-Gunashli block of fields, was $51.99 per barrel on March 20-24 or $0.55 per barrel less than the previous week
Oil&Gas 24 March 13:35
Oil&Gas 24 March 13:15
OPEC member countries are likely to reaffirm the decision to cut production at the next meeting in May, but it would be more a face saving pronouncement than a real policy decision, believes Kamran Dadkhah, an associate professor at the Department of Economics of the US-based Northeastern University.
Oil&Gas 24 March 13:06
The price of OPEC basket of thirteen crudes stood at $48.35 a barrel on March 23, compared with $48.28 the previous day
Oil&Gas 23 March 13:39
The price of OPEC basket of thirteen crudes stood at $48.28 a barrel on March 22, compared with $49.23 the previous day.
Business 23 March 07:07
Oil prices recovered on Thursday from losses chalked up the session before, but the market remained under pressure as bloated U.S. crude inventories and rising output dampen OPEC-led efforts to curb global production
Business 22 March 18:22
Oil prices fell to almost four-month lows on Wednesday after data showed U.S. crude inventories rising faster than expected, piling pressure on OPEC to extend output cuts beyond June
Oil&Gas 22 March 05:33
Oil prices dipped on Wednesday as rising crude stocks in the United States underscored an ongoing global fuel supply overhang despite an OPEC-led effort to cut output
Oil&Gas 21 March 21:00
Oil output cuts will not be enough to bring prices to a high level, believes Arthur Berman, an independent US geological consultant