Tag Archives: opec

US-producer’s message to Opec: ‘Above 40 – we are back!’ Over the last few days, the price for Brent-crude climbed regularly. On March 1st, 2016, it reached a new year-high of over 37 USD/barrel, that’s quite a rise from the January-lows of 29 USD. Could this be the beginning of a rebound of oil to price-levels from a year ago, …

30 to 45 USD – the new reality for oil This morning, after secret negotiations in Doha – the capital of Qatar – the four oil-producers Saudi Arabia, Qatar, Russia and Venezuela agreed to freeze their output at January levels. The common goal of this agreement is, of course, to tackle the oil price, who after 19 months of declines …