2022-03-24 13:50:00
OPEC OIL PRICE: $116.94
OPEC- Vienna, Austria, 24 March 2022 -- The price of OPEC basket of thirteen crudes stood at $116.94 a barrel on Wednesday, compared with $114.60 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), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Islamic Republic of Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).
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Earlier:
2022, March, 21, 12:20:00
OPEC OIL PRICE: $104.96
The price of OPEC basket of thirteen crudes stood at $104.96 a barrel on Thursday, compared with $104.06 the previous day, according to OPEC Secretariat calculations
2022, March, 17, 16:55:00
OIL PRICE: NEAR $105
Brent gained $6.41, or 6.5%, to $104.43 a barrel, WTI was up $5.95, or 6.3%, to $100.99 a barrel.
2022, March, 17, 16:50:00
OIL PRICES: $100 AND HIGHER
The price for WTI, the U.S. benchmark, will average $113/b in March and $112/b for the second quarter of 2022.
2022, March, 16, 12:15:00
GLOBAL OIL DEMAND 2022: +4.2 MBD
The 2022 forecast for global oil demand growth remains under assessment at 4.2 mb/d, with OECD forecast at 1.9 mb/d and non-OECD at 2.3 mb/d.
2022, March, 15, 15:20:00
RUSSIA IS A KEY
In 2021, Russia was the largest natural gas-exporting country in the world, the second-largest crude oil and condensates-exporting country after Saudi Arabia, and the third-largest coal-exporting country behind Indonesia and Australia.
2022, March, 9, 13:40:00
OIL PRICE WILL UP TO $300
"It is absolutely obvious that refusing Russian oil would lead to catastrophic consequences for the global market. The price surge would be unpredictable – to more than $300 per barrel, if not more," said Russian Deputy Prime Minister Alexander Novak.
2022, March, 2, 11:40:00
OPEC+ OIL PRODUCTION: +0.4 MBD
OPEC+ members are attempting to regain pre-pandemic output levels by late 2022 through their monthly easing of quotas, but potential disruptions to Russian oil flows put that plan at risk.
