OPEC OIL PRICE: $122.94
OPEC - Vienna, Austria, 1 June 2022--The price of OPEC basket of thirteen crudes stood at $122.94 a barrel on Tuesday, compared with $120.01 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).
2022, June, 1, 11:00:00OIL PRICE: BRENT NEAR $117, WTI NEAR $116
The Brent contract for July delivery expired on Tuesday at $122.84 a barrel, up 1%, WTI rose 37 cents, or 0.3%, to $115.04 a barrel.
2022, June, 1, 10:55:00RUSSIA SANCTIONS $285 BLN
Even with some countries halting or phasing out energy purchases, Russia's oil-and-gas revenue will be about $285 billion this year, according to estimates from Bloomberg Economics based on Economy Ministry projections.
2022, June, 1, 10:45:00OPEC EXPLORING THE IDEA
Oil still posted its longest run of monthly gains in more than a decade.
2022, May, 31, 13:35:00OPEC OIL PRICE: $120.01
The price of OPEC basket of thirteen crudes stood at $120.01 a barrel on Monday
2022, May, 27, 12:35:00OPEC OIL PRICE: $116.50
The price of OPEC basket of thirteen crudes stood at $116.50 a barrel on Thursday
2022, May, 27, 12:25:00MORE RUSSIAN OIL FOR CHINA, INDIA
A record volume of Russian oil is on board tankers, with unprecedented amounts heading to India and China as other nations restrict imports because of the war in Ukraine.
2022, May, 27, 12:20:00RUSSIAN OIL FOR CHINA UP ANEW
China has emerged as a willing buyer of Russian oil as others shun the OPEC+ producer’s energy due to the war in Ukraine.