The price of OPEC's basket of materials is declining

by **RamblerNash** Mon May 17, 2021 9:02 pm

Monday 17, May 2021 23:53

BAGHDAD / Nina / The Organization of Petroleum Exporting Countries (OPEC) said on Monday that the price of a basket of crudes fell by 62 cents a barrel to settle at $ 16.66 a barrel in trading on Friday after the price was 78.66 dollars on Thursday. "

The Bulletin The General Secretariat of (OPEC) said that the annual rate of the basket price for the past year amounted to 47.41 dollars per barrel.

The Producers' Alliance (OPEC +) stressed at the conclusion of its last ministerial meeting the importance of continuing the current efforts aimed at maintaining the balance of the oil market, stressing also the continuous positive contributions of the countries declaring cooperation in support of rebalancing the global oil market in line with the historic decisions it has taken ( OPEC +) ".

In its last periodic report, the organization expected that the demand for its raw materials this year would reach 3.27 million barrels per day, up 9.4 million barrels per day compared to 2020./ End 2

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