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OPEC + presents market prospects

     Economy              
  • Luanda • Monday, 31 May de 2021 | 20h07
Oil platform
Oil platform
Angop

Luanda - The members of the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC are meeting this Tuesday, by videoconference, in its 17th Session, to present the perspectives of the crude market and the 30th report of the Joint Ministerial Monitoring Committee.

The event includes interventions by the Chairperson of the OPEC and non-OPEC Ministerial Meeting, Prince Abdulaziz bin Salmam (Minister of Energy of Saudi Arabia), his co-Chair, Alexander Novak (Deputy Prime Minister of the Russian Federation) and the Chairperson of 2021 Conferences, Diamantino Azevedo (Minister of Mineral Resources, Oil and Gas of Angola). 

 

At the last meeting, which took place on April 27, this year, members agreed to make adjustments to the production schedule for the months of May, June and July.

 

In the scope of the adjustments, Angola had the guarantee of producing 1.2 barrels per day (mb/day) in May, in June  1,298 barrels, and 1,319 in July, ANGOP learned from a source of the Ministry of Mineral Resources , Oil and Gas. 

 

The OPEC Oil  Reference Basket (ORB) is made up of a mixture of Sahara (Algeria), Sunflower (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), Rabbi Light (Gabon), Heavy Iran (Islamic Republic of Iran) ), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Arab Light (Saudi Arabia), Murban (United Arab Emirates) and Merey (Venezuela). 



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