... production in September by 547,000 barrels per day (bpd), maintaining the same level as in August. In a statement, OPEC announced that the decision is based on "stable prospects for the global economy and current market fundamentals, as reflected in low oil inventories." The Organization of the Petroleum Exporting Countries (OPEC), consisting of 12 member states, formed an alliance with ten other countries, including Russia, in 2016 to reduce oil production, known as OPEC+. This recent increase marks ...

ORG-Market is a commodity marketplace that has become a key sales channel for "Oil Resource Group" over the past few years. The article discusses the development of digital B2B platforms in Russia, their advantages for businesses, and their future prospects. Learn how marketplaces are transforming the market and simplifying ...

... (approximately $66–67), while American WTI crude is trading around $64–65 per barrel. The improved market sentiment is attributed to several factors. Firstly, fresh data from the U.S. Department of Energy indicated an unexpected decrease in commercial oil inventories of approximately 3 million barrels over the past week, signaling robust demand and supporting prices. Secondly, market participants are factoring in potential supply disruptions due to escalating sanction situations: ironically, tariffs imposed ...

... $66–67), while West Texas Intermediate crude is trading in the $64–65 range. The improvement in market sentiment is attributed to several factors. First, fresh data from the U.S. Department of Energy indicated an unexpected reduction in commercial oil inventories by about 3 million barrels over the past week, signaling robust demand and supporting prices. Second, market participants are factoring in potential supply disruptions due to escalating sanctions: ironically, the tariffs imposed by Trump against ...

... $66–67 per barrel, while American oil WTI remains around $64 per barrel. The improvement in market sentiment was influenced by several factors. Firstly, data from the US Department of Energy last week recorded an unexpected decrease in commercial oil inventories of approximately 3 million barrels, signaling robust demand and boosting market optimism. Secondly, market participants continue to closely monitor the development of the sanctions situation: ironically, US trade restrictions against India ...