The price of OPEC’s basket of 14 crudes stood at $49.50 per barrel on August 22, as compared to $49.80 per barrel on August 21.
World oil prices are going down on Aug.23 ahead of the report to be released later today by the US Energy Information Administration (EIA) about the country’s crude stocks.
Oil&Gas 22 August 13:02
The price of OPEC’s basket of 14 crudes stood at $49.80 per barrel on August 21, as compared to $48.86 per barrel on August 18.
Oil&Gas 22 August 11:42
World oil prices are rising on Aug.22 despite the low compliance of OPEC and some non-OPEC countries with the oil output cut agreement.
Oil&Gas 22 August 11:23
Oil&Gas 22 August 10:19
The compliance level of OPEC and participating non-OPEC countries has dropped from 98 percent in June to 94 percent in July.
Oil&Gas 22 August 05:53
OPEC will discuss at a meeting in November whether to extend or end production cuts, Kuwait's oil minister Essam al-Marzouq told Kuwait TV on Monday
Oil&Gas 21 August 20:19
Azerbaijan remains committed to its obligations under a global deal [Vienna agreement] among OPEC and some non-OPEC nations to cut the oil production.
Oil&Gas 21 August 15:32
Any further increase in OPEC/non-OPEC oil output cut quota will not be functional.
Oil&Gas 21 August 11:34