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Arab OPEC News

08 May 2017

Oil prices rise on expectation of output cut extension

Brent crude futures were at $49.82 per barrel at 0323 GMT on Monday, up 72 cents, or 1.47 percent, from their last close.

23 Dec 2014

Arab OPEC sources see oil back above $70 by end-2015

Arab OPEC producers expect global oil prices to rebound to between $70 and $80 a barrel by the end of next year as a global economic recovery revives demand, OPEC delegates said this week in the first indication of where the group expects oil markets to stabilise in the medium term.

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