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Oil – Second Day of Rising Barrel Prices Ahead of OPEC Meeting

Written by Roberta Souza

Published on 03/04/2020 at 18:45

Economy, Oil and Gas

energia, petróleo

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This is the second day of rising oil barrel prices! The reason? The proximity of a new round of negotiations between Russia and OPEC (Organization of the Petroleum Exporting Countries), scheduled for next week.

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As of this afternoon, the traded value of the WTI barrel was US$ 28.65, marking a 13% increase. Meanwhile, Brent crude was being traded at US$ 34.70, up by 16%.

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The new meeting between the oil-exporting countries and the Russians will take place on April 6, next Monday, virtually.

During this week, Donald Trump, President of the United States, mentioned on a social network that Saudi Arabia (OPEC leader) and Russia would cut oil supply by up to 10 million barrels per day, at least. However, the information was not confirmed by any of the parties involved.

If true, an agreement between Saudi Arabia and Russia means, in practice, a recovery in oil prices, which have suffered significantly in recent days. Since both intensified their relations and broke their production cut agreement, the barrel has seen a severe devaluation, dropping from US$ 50 (beginning) to US$ 20 (end of last month).

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Roberta Souza

Autora no portal Click Petróleo e Gás desde 2019, responsável pela publicação de mais de 8.000 matérias que somam milhões de acessos, unindo técnica, clareza e engajamento para informar e conectar leitores. Engenheira de Petróleo e pós-graduada em Comissionamento de Unidades Industriais, também trago experiência prática e vivência no setor do agronegócio, o que amplia minha visão e versatilidade na produção de conteúdo especializado. Desenvolvo pautas, divulgo oportunidades de emprego e crio materiais publicitários direcionados para o público do setor. Para sugestões de pauta, divulgação de vagas ou propostas de publicidade, entre em contato pelo e-mail: santizatagpc@gmail.com. Não recebemos currículos

Oil – Second Day of Rising Barrel Prices Ahead of OPEC Meeting

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Oil – Second Day of Rising Barrel Prices Ahead of OPEC Meeting

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At over 8,800 meters above sea level, the summit of Mount Everest is made up of rocks that originated at the bottom of an ocean about 500 million years ago and were pushed to the highest point on Earth by the collision of tectonic plates.

Scientific studies indicate that drought may be strengthening a much greater silent threat: more resistant superbugs.

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