Wednesday , 25 April 2018

OPEC

OPEC daily basket price stands at $70.51 per barrel

The price of Organisation of Petroleum Exporting Countries, OPEC basket of 14 crudes stood at $70.51 a barrel on Monday, compared with $70.36 the previous Friday, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Islamic Republic of …

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Jubilation in Nigeria, Angola, Ecuador, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Venezuela, others as oil price hits $75 per barrel

There was jubilation in many oil producing and exporting countries following the rise of oil price to $75 per barrel as the Organisation of Petroleum Exporting Countries, OPEC moves to achieve stability in the international market. Investigations in many nations, including Nigeria, Angola, Ecuador, Equatorial Guinea, Gabon, Islamic Republic of Iran, Iraq, Kuwait, Libya, Qatar, Saudi Arabia, United Arab Emirate …

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Participating OPEC-non-OPEC countries achieve highest ever conformity level

The OPEC/Non-OPEC Joint Ministerial Monitoring Committee (JMMC) convened in Jeddah, the Kingdom of Saudi Arabia, for its eighth meeting, on 20 April 2018. It announced that, based on the Report of the Joint Technical Committee (JTC) for the month of March 2018, following successive months of record-breaking performances, OPEC and participating non-OPEC countries have achieved a conformity level of 149% …

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Again, Barkindo extols late Dr. Parra in Kuwait

HE Mohammad Sanusi Barkindo, OPEC Secretary General, Organisation of Petroleum Exporting Countries, OPEC has remembered the late Dr. Alirio Parra, one of the founders of OPEC who passed on a few months ago. Speaking at the 5th Kuwait Oil & Gas Show in Kuwait on April 16, 218, he said that: ‘’Given that this event is organized by CWC, I …

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OPEC daily basket price stands at $68.36 per barrel

The price of the Organisation of Petroleum Exporting Countries, OPEC basket of 14 crudes stood at $68.36 a barrel on Tuesday, compared with $68.41 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), Oriente (Ecuador), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Islamic …

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OPEC daily basket price rises to $68.36 per barrel

The price of Organisation of Petroleum Exporting Countries, OPEC basket of 14 crudes stood at $68.36 a barrel on Tuesday, compared with $68.41 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), Oriente (Ecuador), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Islamic Republic …

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