How and why the US and other powers plan to lower the price of a barrel of oil.


SUBMITTED BY: Sofis91

DATE: Nov. 26, 2021, 7:59 p.m.

FORMAT: Text only

SIZE: 726 Bytes

HITS: 170

  1. OPEC + will meet in December to analyze the situation of the international oil market.
  2. The United States announced this week that it will release up to 50 million barrels of oil from its "strategic reserves" —Goldman Sachs estimated that this would reach 70-80 million. The objective: to lower the price of a barrel, which has had a continuous increase due to the production strategies of the Organization of the Petroleum Exporting Countries (OPEC) and allies, such as Russia.
  3. The price of a barrel of North Sea Brent for January delivery fell 0.07% to $ 82.25. Meanwhile, in New York, a barrel of WTI (which is the benchmark crude for Ecuador) for the same delivery fell 0.14% to $ 78.39, according to data on Wednesday.

comments powered by Disqus