OPEC tells IMF that oil price rally mainly due to geopolitics Posted on April 22, 2022 by cngpump In a statement to the International Monetary and Financial Committee (IMFC) seen by Reuters, OPEC said the price of global benchmark Brent crude had averaged near $98 a barrel in the first quarter, up about $18 from the last three months of 2021. Related posts: In the season of record high crude price, oil companies to garner profitability Oil price falls 5 per cent, cools down from Russian oil shock rally Record fuel price hike due to spike in oil prices during last couple of weeks: FM OPEC cuts 2022 world oil demand forecast due to Ukraine conflict Crude oil price extends losses; Russia to fulfil supply contracts Oil down 5 per cent after IMF slashes growth forecast Oil opens higher as OPEC warns of tight supply and Russian sanctions loom Exxon signals record quarterly profit from oil and gas prices Fertiliser subsidy may exceed RE by Rs 10K cr; fiscal deficit to remain close to 6.9% in FY22 Global oil price extends losses on reserves release, Yemen truce
