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Prices on all crude markers are up 30% from the beginning of this week, following the announcement by Saudi Arabia of convening an urgent OPEC and non-OPEC conference, including the Russian Federation, to discuss “an equitable agreement to restore balance
Prices. The prices of the OPEC basket collapsed. Wednesday’s closing price of its basket of crudes was $16.87 a barrel, $6 below Wednesday’ (April 1st) price, a 67% drop from the price before the last OPEC+ meeting. At the close
Price. OPEC today published Tuesday’s closing price of its basket of crudes at $22.61 a barrel, down 56% from $52 a barrel on March 4 before the last OPEC+ meeting. At the close of the European markets, Brent oil traded
Prices The oil price trend continues to fall, with no political decision or economic signal to stop it from falling. OPEC today published Friday’s closing price of its basket of crude oil at $24 a barrel, down 7% from Thursday’s
Price The week closes with a continued downward trend in oil prices and a collapse in demand. The trend began with the collapse of prices following the lack of agreement at the last meeting of OPEC and non-OPEC countries on
Rafael Ramírez, is an expert in the oil sector with vast managerial experience, offers an analysis of the behavior of world markets, projections and situations that can affect the world energy sector.
