Brent crude is trading above $46 per barrel

Oil continues to rise in price due to optimism regarding energy demand due to the success of several pharmaceutical companies in the development of vaccines against COVID-19.

Brent crude trades above $45 a barrel on news of COVID-19 vaccine

Optimism over the success of vaccine development drove oil prices up nearly 20% in November.

Oil production in Libya increased to 1.25 million barrels per day

Libya is currently exempt from the obligation to cut oil production.

Benchmark oil prices are stable

Brent is trading at $44.22 per barrel.

OPEC+ countries must offset more than 2 million barrels per day of oil overproduction in 2020

The ministers of the JMMC will discuss this issue in the coming two weeks with all countries participating in the deal.

Brent crude price rises above $44 per barrel

Covid-19 remains one of the major market pressures.

Electricity generation and consumption in January-August 2020

The volume of electricity production by enterprises of the IPS of Ukraine is 6.6% less compared to the corresponding period of 2019.