What is OPEC and how does it work?

2023-12-02 12:56:40 The Organization of Petroleum Exporting Countries (OPEC) is an international entity made up of 13 countries that are major producers and exporters of oil. Founded in 1960, in Baghdad, Iraq, OPEC’s main objective is to coordinate and unify oil policies among its members, in order to guarantee fair and stable prices for oil … Read more

Crypto Market News Weekly: Bitcoin Hits $39,000, Binance Changes, and Powell’s Influence

2023-12-01 20:34:28 This week, the bitcoin exchange rate has already reached the level of 39,000 dollars. However, in the last seven days, the market actually calmed down without any major developments. The total value of the market already exceeds 1,500 billion dollars. And most of the gains came from Bitcoin, which tested the $39,000 level … Read more

OPEC+ commits to maintaining the reduction during 2024 in accordance with the levels agreed last June

2023-11-30 19:00:45 ALGIERS- OPEC+ countries agreed, during their 36th ministerial meeting, held Thursday by videoconference, to continue reducing oil production until the end of December 2024, in accordance with the levels agreed last June, in order to support prices on the market. During this meeting, held with the participation of Algeria, the ministers in charge … Read more

The third session of the Red Sea Film Festival announces its surprises

2023-12-01 00:36:48 Everyone is awaiting special and exceptional surprises at the third session of the Muhr Jan Red Sea International Film Festival in Jeddah, Saudi Arabia, in terms of participating films and guests of honor, including international stars and honored stars. Global presence Hours before the start of the new session’s activities, international star Will … Read more

OPEC+ unexpectedly announced that the meeting would be postponed for 4 days. Oil prices plunged more than 4% | Anue Juheng-US Stock Radar

2023-11-22 13:53:04 The meeting of the important Organization of the Petroleum Exporting Countries and its allies (collectively known as OPEC+) will be rescheduled from November 25th to November 26th to November 30th, causing crude oil prices to fall by more than $3 per barrel on Thursday (22nd). to below US$75 per barrel. The West Texas … Read more

Organization of the Petroleum Exporting Countries (OPEC)+ considering additional production cuts… “Adverse impact of U.S. President Biden’s re-election”

2023-11-18 07:26:46 Photo = Infostock Daily [인포스탁데일리=안호현 전문기자] Saudi Arabia is considering extending its production reduction policy until next year. Additional production cuts at the Organization of Petroleum Exporting Countries (OPEC) plus level are also being considered. The Financial Times (FT) reported on the 17th (local time) that Saudi Arabia is likely to extend its … Read more