Organization of the Petroleum-Exporting Countries (OPEC)

Media reports on OPEC + plans to extend deal

OPEC+’s meeting that was put on the books at the last minute for Saturday is now being delayed to Sunday, according to anonymous Reuters sources, Oil Price reports. The group had decided to get together at the last minute, …

Oil prices continue their rally amid positive vaccine news

Oil prices were rising again Tuesday, continuing the momentum from their Monday surge on positive vaccine news. Brent crude futures, the international benchmark, rose 2.2% to $43.33. West Texas Intermediate futures rose 2.2% to $41.17. They had risen 7% and 8%, respectively, on Monday

How one COVID-19 case dominates the market

Oil markets recovered on Monday morning after closing lower last Friday. The discharge of the U.S. President from hospital generated a sort of relief in the markets, Oil Price writes

OPEC’s anniversary meeeting postponed

The celebrations of OPEC’s 60th anniversary, which were originally scheduled this month in Baghdad where the Organization was founded, have been postponed. Iraq’s Oil Minister and Head of its Delegation to OPEC Ihsan Abdul …

Novak calls for strict OPEC+ deal compliance

The Organization of Petroleum Exporting Countries and allies including Russia - a group known as OPEC+ - should stick to full compliance of a deal to cut global oil production, Russian Energy Minister Alexander Novak said. In his …