Ghana plans to buy oil with gold instead of U.S. dollars
Accra November 25 2022: Ghana's government is working on a new policy to buy oil products with gold rather than ...
Tag: OPEC
Welcome to the OPEC category page, your source for comprehensive information about the Organization of the Petroleum Exporting Countries. OPEC, established in 1960, is a vital player in the global energy market, uniting major oil-producing nations in a collaborative effort to stabilize prices, ensure a steady supply, and promote the interests of both producers and consumers.
With 13 member countries, OPEC’s influence on the world economy is undeniable. Through strategic cooperation, production quotas, and market analysis, OPEC seeks to maintain a balanced oil market that benefits all stakeholders. The organization plays a pivotal role in addressing energy challenges, adapting to geopolitical shifts, and addressing environmental concerns.
Learn about OPEC’s history, its member nations, and the crucial decisions that shape the energy lan
Oil Price Fall Below $80 to Near 2-month Lows as Supply Concerns Ease
Sydney November 21 2022: Oil prices dropped to near two-month lows on Monday, sliding around $1 a barrel, as supply ...
Oil prices slide as hopes for China demand rebound fade
Singapore November 7 2022: Oil prices fell more than $1 a barrel on Monday after Chinese officials on the weekend ...
Oil climbs 4% as dollar slips and EU ban looms
London November 4 2022: Oil prices rose by 4% on Friday as the dollar eased, with an EU ban on ...
Oil climbs on demand hopes after big drawdown in U.S. crude stocks
Singapore November 2 2022: Oil prices rose in early trade on Wednesday after industry data showed a surprise drop in ...
Oil prices continue climb on strong crude demand, weaker dollar
Singapore October 27 2022: Oil prices continued to rise in early Asian trade on Thursday after surging more than 3% ...
Oil Advances From Two-Week Low on Lingering Supply Concerns
Singapore October 19 2022: Oil climbed from a two-week low on concerns that the European Union’s latest sanctions on Russian ...
Oil takes a breather, eases off 5-week highs
Sydney October 10 2022: Oil prices slipped on Monday, easing off five-week highs, as the market took profits following strong ...
Oil extends gains after OPEC+ agrees to slash crude output
Singapore October 6 2022: Oil prices rose for a fourth session on Thursday, with Brent at a three-week high, after ...
OPEC daily basket price stands at $90.68 a barrel Monday
Vienna October 4 2022: The price of OPEC basket of thirteen crudes stood at US$90.68 a barrel on Monday, compared ...
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