Tag Archives: Organization of the Petroleum Exporting Countries (OPEC)

The price of OPEC basket of 13 crudes stood at $53.13 a barrel on Apr. 10 compared to $52.91 on Apr. 7.

A final decision will depend on how the situation in the oil market develops in April and on forecasts for May and June.

Russia will continue participating in the OPEC deal on oil production limiting despite dissatisfaction with the current prices level.

Revenues from oil sales are national wealth and belong to future generations.

Iran'.s crude oil edged closer to $50 a barrel at the end of last month.

Iran is committed to its quota in the Organization of the Petroleum Exporting Countries (OPEC) in 2017.

Global benchmark Brent crude had risen 50 cents to $54.67 a barrel.

Oil prices are rising on April 7.

Libya'.s gain means oil market pain.

Russia’s Energy Minister Alexander Novak said last week that it is too early to talk about an extension.