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Will Namibia Become OPEC’s Newest Member?
20 Apr 2024 01:50 GMT
… become a member of the OPEC Charter of Cooperation, these … approached by anyone to join OPEC. OPEC members are petroleum exporting … last 18 months, two light crude oil discoveries were made in … an attractive new target for OPEC membership. The cartel already …
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US heavy crude oil prices increase to similar level as light crude
10 Apr 2024 18:02 GMT
Heavier crude oil prices along the US Gulf Coast have climbed to levels similar to that of lighter oil, indicating tight supply could contribute to rising gasoline prices.
According to Reuters, Heavy Louisiana Sweet crude traded at a $2.60 per barrel …
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Libya displaces Nigeria as largest crude oil producer in Africa – OPEC
12 Apr 2024 10:59 GMT
… 5,000 barrels.
According to OPEC, Nigeria’s crude production … However, according to secondary sources, OPEC said the country’s crude … the biggest oil producer among OPEC member countries, with an … .
Similarly, Nigeria’s Bonny light crude surged to $87.86 per …
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Saudi Arabia keeps Arab Light crude price to Asia unchanged in surprise move
06 Feb 2024 04:09 GMT
… price of its flagship Arab Light crude to Asia unchanged at a … showed on Tuesday, as the OPEC leader strives to maintain its …
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Saudi Arabia modifies oil prices amid extension of OPEC+ output cuts
06 Mar 2024 12:51 GMT
… of production cuts by the OPEC+ alliance until mid-year, the … price of its main Arab Light crude oil for the Asian market … supplies from producers outside the OPEC+ coalition could potentially meet most …
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Saudis lift oil price to Asia after Opec+ extends output cuts
06 Mar 2024 03:32 GMT
… Asia next month after the Opec+ group agreed to extend … Aramco increased its flagship Arab Light crude for Asia at a … refiners and traders last week.
Opec+ is extending curbs on … Organization of Petroleum Exporting Countries (Opec), Saudi Arabia is leading …
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Saudi Arabia slashes Arab Light crude prices to 27-month low
07 Jan 2024 19:53 GMT
… price of its flagship Arab Light crude for Asian customers.
The move … barrels per day by the OPEC+ group of oil producers, doubts …
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Saudi’s Feb crude exports edge up to 6.317mn bpd
17 Apr 2024 12:15 GMT
… other members of the Organization of the Petroleum Exporting Countries (OPEC) and publishes them … for its flagship Arab Light crude oil for customers in … May.
Earlier this month, OPEC and allies including Russia, … a grouping known as OPEC+, kept their oil supply …
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Nigeria remains highest African oil-producing nation as output hits 1.4m bpd – OPEC
18 Jan 2024 14:07 GMT
… Organisation of Petroleum Exporting Countries, OPEC, disclosed this in its Monthly … only 55,000 bpd.
However, OPEC noted that Africa’s most … 400,000 bpd condensate, a light crude that attracts high prices like …
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Oil prices dip over 1% due to Saudi cuts and increased Opec production
08 Jan 2024 10:33 GMT
… with an increase in the Organization of the Petroleum Exporting Countries (OPEC) production. These factors … OSP) of its principal Arab Light crude to Asia on Sunday, marking … include higher inventories, increased OPEC/non-OPEC production, and a …