Oil prices rise to March level: Brent is trading above $48 per barrel

Investors remain optimistic about the demand outlook due to news of the development of coronavirus vaccines.

Oil production in Libya increased to 1.25 million barrels per day

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

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.

OPEC+ has not yet submitted proposals on the level of production cuts in 2021 following the meeting on November 17

The participants in the OPEC+ deal postponed the decision on the level of production.

Brent crude is trading below $44 per barrel

Markets are evaluating data from the American Petroleum Institute on the growth of stocks in the past week.

Oil prices in March-July 2020: record highs

The situation with oil prices has not demonstrated stability over the past 4 months.

Oil price dynamics amid a price war between OPEC and Russia

Over the past week, world oil quotations have experienced serious volatility.