OPEC

Intergovernmental oil organization
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Saudi prince to miss G20 summit: Putin's absence and Biden's term ending may have influenced this - Bloomberg

Saudi prince to miss G20 summit: Putin's absence and Biden's term ending may have influenced this - Bloomberg

Mohammed bin Salman will not attend the G20 summit in Rio de Janeiro due to a chronic ear canal disease. The decision could also be influenced by Putin's absence and the end of Biden's presidency.

News of the World •  • 19470 views
Oil prices fall amid weak demand in China

Oil prices fall amid weak demand in China

Brent and WTI crude oil fell by 0. 9% due to weak demand in China and a 4.6% decline in refining. The IEA predicts an excess of supply over demand by 2025, despite the OPEC+ cuts.

Economy •  • 16494 views
Russia boosts oil exports as supplies from Arctic increase - Bloomberg

Russia boosts oil exports as supplies from Arctic increase - Bloomberg

Russian oil exports rose to 23. 96 million barrels in the week to November 10. Increased shipments through the Arctic port of Murmansk offset a drop in exports through Kozmino.

News of the World •  • 16993 views
Oil prices rise after OPEC+ decision to postpone production increase - Reuters

Oil prices rise after OPEC+ decision to postpone production increase - Reuters

OPEC+ postponed the increase in oil production for a month, which led to a rise in Brent and WTI prices by more than $1. The market is awaiting the US elections and the Fed's interest rate meeting.

Economy •  • 21053 views
Oil prices have risen sharply due to a possible Iranian attack on Israel

Oil prices have risen sharply due to a possible Iranian attack on Israel

Brent and WTI crude oil rose by more than $1 due to reports that Iran is preparing to strike Israel from Iraq. Prices were also affected by expectations that OPEC+ would postpone production cuts.

Economy •  • 17930 views
russian crude oil exports grow for the second week in a row

russian crude oil exports grow for the second week in a row

russian offshore oil exports rose by 120,000 barrels per day for the second week in a row. Total exports reached 24.79 million barrels, with a four-week average of 3.41 million barrels per day.

Economy •  • 21270 views
Oil steadies after fall as Middle East uncertainty persists

Oil steadies after fall as Middle East uncertainty persists

Futures for Brent and WTI rose slightly after falling by 4%. Experts point to uncertain price prospects due to geopolitical tensions and weak demand forecasts.

Economy •  • 13925 views
Sri Lanka has applied to join the BRICS

Sri Lanka has applied to join the BRICS

The island nation of Sri Lanka has announced its application to join the BRICS. The application will be officially submitted during the BRICS summit in Kazan on October 23-24.

News of the World •  • 15417 views
Oil falls in price: prospects for additional supplies offset concerns about the Middle East

Oil falls in price: prospects for additional supplies offset concerns about the Middle East

Brent and WTI futures fell by 0. 7-0.8% due to a better supply outlook and weak demand growth. The escalation of the conflict in the Middle East and the possible resumption of production in Libya also affected the market.

Economy •  • 17338 views
Russian crude oil exports fell to almost 1.8 million barrels per day last month - media

Russian crude oil exports fell to almost 1.8 million barrels per day last month - media

Russian crude oil exports from key western ports fell to a 19-month low in July, which led to an overall decline in marine oil flows worldwide.

Economy •  • 43690 views
Azerbaijan started supplying gas to Slovenia instead of Russia

Azerbaijan started supplying gas to Slovenia instead of Russia

Slovenia has become the sixth European country to import gas from Azerbaijan. On August 1, Azerbaijani gas from the Shah Deniz field began to flow to Slovenia under a memorandum between SOCAR and Geoplin.

News of the World •  • 26537 views
russia has reduced its oil production rate amid OPEC+ production cuts

russia has reduced its oil production rate amid OPEC+ production cuts

russian oil companies have reduced drilling rates by 2. 5% compared to last year due to OPEC+ production cuts. russia is implementing two sets of cuts, but still produces more oil than agreed.

Economy •  • 18724 views
Oil recovers in price after killing of Hamas leader in Iran, but data from China limits growth

Oil recovers in price after killing of Hamas leader in Iran, but data from China limits growth

Brent and WTI crude oil futures rose by $2 after the assassination of the Hamas leader in Iran. The rise in prices came despite concerns about weak demand in China and expectations about OPEC+ decisions.

Economy •  • 33934 views
Putin spoke with the Prince of Saudi Arabia: they discussed cooperation in trade and energy spheres

Putin spoke with the Prince of Saudi Arabia: they discussed cooperation in trade and energy spheres

Putin had a telephone conversation with the Prince of Saudi Arabia. The parties discussed cooperation in the political, trade, economic and energy spheres, emphasizing the importance of coordination within the framework of OPEC+.

News of the World •  • 17186 views