Brent is trading above $40 again

The cost of August futures for Brent rose by $0.13.

Brent price drops below $40

The price decreased by $0.56 in value.

The price of Brent rose above $38

August futures on the London ICE Futures exchange rose to $0.32.

OPEC compliance with output cuts was only 74% in May

Despite the few members who failed to being production down as low as promised, OPEC’s overall May production was the lowest that it’s been since 2002.

Ukrnaft appointed Chairman of the Management Board

Ukrnafta has temporarily stopped searching for a candidate for the position of the Chairman of the Management Board

US cuts oil production by 2.3 million barrels per day

Earlier, the US Department of Energy called significantly smaller volumes.