Russia, Saudi Arabia and other key oil producers agreed to cut output, helping the fragile market recover from 2014-2016 lows. This shows the countries can cooperate when necessary
Brent crude has surpassed $68 per barrel for the first time since May 2015. Oil prices have been buoyed by information that joint production cuts between Russia and Saudi Arabia-led OPEC are working
The moderate recovery in oil barrel prices that took place during the last week in June was caused by a fall in USA oil and petrol reserves, but the trend remains depressed
Global oil supply is decreasing as a result of the non-OPEC reduction in extraction, while demand is estimated to increase
In February, oil hovered firmly around $55/ barrel with both OPEC and non-OPEC countries moving forward with their production cuts
Oil prices have risen since the decision taken by OPEC and non-OPEC countries to find new production objectives
OPEC’s new oil output cap is opening up a new scenario: by mid-2017, we could witness an oil market rebalancing
On Wednesday, OPEC agreed to an historic production cut of 1.2 mln barrels per day, with Russia to reduce its daily output by 300,000 barrels
Between the rise of the barrel and declining, due to the fact that several OPEC countries do not want to reduce the production of crude
Thanks to the euro/dollar exchange rate, the rebalancing between supply and demand, the tendency to depreciate for US crude and the agreement reached in Algiers on OPEC production, the price of crude oil went over $59 a barrel in September, as had last happened in august
