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    Home > Chemicals Industry > Chemical Technology > Oil prices rise OPEC is not ready to increase production

    Oil prices rise OPEC is not ready to increase production

    • Last Update: 2022-11-26
    • Source: Internet
    • Author: User
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    According to Reuters London on September 18, oil prices were firm on Tuesday, with signs that OPEC was not ready to raise production in response to reduced Iranian supplies, while Saudi Arabia said it was in no hurry to cut prices
    .

    Brent crude LCOc1 futures rose 98 cents a barrel to $79.
    03 a barrel after hitting a high of $79.
    37
    .

    U.
    S.
    West Texas Intermediate (WTI) CLc1 rose 83 cents to $69.
    74 a barrel, after rising more than $1 to $69.
    95
    .

    OPEC and non-OPEC oil ministers met on Sunday to discuss compliance with output policies
    .
    OPEC sources told Reuters no action was planned at this time and producers would discuss how to share previously agreed plans
    to increase production.

    According to Reuters London on September 18, oil prices were firm on Tuesday, with signs that OPEC was not ready to raise production in response to reduced Iranian supplies, while Saudi Arabia said it was in no hurry to cut prices
    .

    Opec

    Brent crude LCOc1 futures rose 98 cents a barrel to $79.
    03 a barrel after hitting a high of $79.
    37
    .

    U.
    S.
    West Texas Intermediate (WTI) CLc1 rose 83 cents to $69.
    74 a barrel, after rising more than $1 to $69.
    95
    .

    OPEC and non-OPEC oil ministers met on Sunday to discuss compliance with output policies
    .
    OPEC sources told Reuters no action was planned at this time and producers would discuss how to share previously agreed plans
    to increase production.

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