Tag Archives: OPEC

US pressure on OPEC and other producers on the issue of conclusion of the agreements about the freezing of the level of oil production, said the President of Venezuela, Nicolas Maduro. “You don’t know all the pressure that comes from Washington, to condemn the failure of our efforts that we …

The economic power of OPEC broken, the cartel no longer performs on the world market as a unified force. In an interview with The Financial Times said Daniel Yergin (Daniel Yergin), the Deputy Chairman of IHS, a historian in the energy industry, nicknamed the “oil guru”. “The era of OPEC …

All members of the Organization of countries-exporters of oil (OPEC) has received an invitation to a meeting in the Qatari capital Doha, which will be dedicated to frozen oil. About it reports Bloomberg. The Secretary General of OPEC Abdullah al-Badri said that not all the invited members of the cartel …

Oil prices are little changed Tuesday morning, Brent is trading above 41 dollars per barrel after OPEC forecasts of the management of the growth of prices on these raw materials to “acceptable” levels, reports Bloomberg. May futures for Brent crude on London’s ICE Futures exchange to 08.00 Moscow time has …

Oil prices fall for the second day in a row. A barrel of Brent mix is cheaper by about 1%. Not even data from OPEC. In its monthly report, the cartel said cut production in February by nearly 200 thousand barrels per day. The decrease mostly attributable to lower shipments …

The country, consisting of a cartel of countries-exporters of oil (OPEC), began negotiating a new threshold oil price at 50 dollars per barrel, the Agency reports RNS with reference to the statement by the founder of the consulting company PIRA’s Gary Ross to Reuters. He noted that the cost of …

The organization of countries-exporters of oil (OPEC) has invited the U.S. to join negotiations on freezing the level of oil production. This was announced by the Secretary General of the organization Abdalla Salem El-Badri, betrays RIA Novosti. “I’m talking to the EU, with the Russians and the Chinese. I say …

Reached in Qatar agreement must be seen as clumsy and a failed PR campaign. If a few decades ago, OPEC was indeed a cartel able to manipulate prices through regulated production and export, nowadays the organization has become a meaningless discussion club. Representatives of Russia, Saudi Arabia, Qatar and Venezuela …

Major oil producers such as Russia, Venezuela and some countries of OPEC agreed to freeze the level of oil production for the sake of the situation on the energy market stabilized. In the negotiations involved Iran and Iraq, and many commentators suggest that this initiative they barely support. Most commentators …

Russia and some OPEC countries have agreed that they will not increase production to the level achieved on January 11. That could mean to the oil market and Russia the agreement reached in Doha, “Economics today,” said Vladimir Feigin, President of the Foundation “Institute for energy and Finance”. “The scale …