Tag: WTI
OPEC: Market Rebalancing, Full Commitment to Conformity Remains the Focus
JAKARTA (TheInsiderStories) - Joint Ministerial Monitoring Committee (JMMC) of oil producers and its allies (OPEC+) reported 87 percent of their productions have been cut during May....
Oil Prices Hit the Bottom Level Since 1999 on the Low...
JAKARTA (TheInsiderStories) - Oil prices hit the bottom level for the first time in 1999, as the COVID-19 hits the demand, the market data showed....
Indonesia’s February ICP Lowering to US$56.61 a Barrel
JAKARTA (TheInsiderStories) - The average of Indonesia Crude Price (ICP) in February 2020 stood at US$56.61 per barrel, said the energy and mineral resources ministry last...
OPEC Proposes 1.5M barrels Cut, Oil Prices still Weaken
JAKARTA (TheInsiderStories) - The heads of Organization of the Petroleum Exporting Countries (OPEC) recommended an extending the duration of the proposed 1.5 million barrels per...
OPEC+ Meets to Evaluate the Oil Prices on Thursday
JAKARTA (TheInsiderStories) - Organization of the Petroleum Exporting Countries (OPEC) and its allies is to meet in Vienna, Austria on March 5 - 6, to decide...
Oil Price Spikes 19% on Saudi Aramco Attack, the Biggest in...
JAKARTA (TheInsiderStories) - Oil prices soared after drone attack on Saudi Aramco facilities last weekend. On Monday, Brent crude oil futures jumped around 19 percent...
Oil Prices Rise With Hopes US’s Fed Cut Interest Rates
JAKARTA (TheInsiderStories) - Oil prices rise more than 2 percent to its value as it broke $58 level on Tuesday (07/30). West Texas Intermediate (WTI)...
Commodity Market: Oil Prices Rally as U.S Stocks Fall
JAKARTA (TheInsiderStories) - Crude oil price rally continued, after oil stocks in the United States fell significantly after dropped last week over concerns of rising global...
