Energy Sector

OPEC crude price close to 117 dollars

Vienna - Organization of the Petroleum Exporting CountriesThe price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) continued its record-breaking climb towards the end of the week, OPEC said on Friday.

One barrel (159 litres) of crudes from OPEC's reference basket stood at 116.93 dollars on Thursday, up 90 cents from the previous day.

On Thursday, OPEC Secretary General Abdalla Salam el-Badri said current high prices were not connected to market fundamentals, as markets remained well supplied.

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OPEC crude price continues record climb

Vienna - Organization of the Petroleum Exporting CountriesThe price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) continued its record-breaking climb, the Vienna-based OPEC secretariat said on Thursday.

One barrel (159 litres) of OPEC crudes stood at 116.03 dollars on Wednesday, a new all-time high. The price rose by 1.28 dollars compared with the previous day.

According to OPEC analysts JBC in Vienna, crude supply concerns should have lifted to some extent, as ExxonMobil returned to its normal production levels of around 800,000 barrels per day in Nigeria after a strike.

OPEC crude price at record 114.75 dollars

Vienna - The price for crudes produced by the Organization of the Petroleum Exporting Countries (OPEC) jumped to a new record high on Tuesday, the Vienna-based OPEC secretariat said on Wednesday.

OPEC crude price jumps to 111.6 dollars

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