OPEC + will keep political differences out of the realm of oil production decisions, to the benefit of the “common good” for stabilizing energy prices, Saudi Arabia’s energy minister said on Tuesday. As governments and international organizations condemn or exclude Russia – an oil-producing country and a partner in the OPEC + bloc – over […]
Tag: OPEC
OPEC+’s mission is to stabilize the market
The United Arab Emirates Energy Minister, Suhail Mohamed Al Mazrouei, said on Tuesday that “we have a mission in OPEC+, which is to stabilize the market“. Additional comments We are not going to take sides today and say whether this is right or wrong within the OPEC+ organization. Our objective is to calm the market […]
On March 31, the allowances are paid by OPEC
On Thursday, March 31, 2022, the last working day of the month, as usual, the benefits will be paid by the Organization for Welfare Benefits and Social Solidarity (OPEC). According to an announcement of the organization, 293,431,581 euros will be paid to 1,287,479 beneficiaries. Specifically, the following benefits will be paid: – Housing allowance: Beneficiaries […]
There is a double installment of the family allowance
of Dimitris Katsaganis The beneficiaries of the relevant benefit will receive a double installment package of child benefits during the current and next month. The first installment will be paid next Thursday, March 31 and will concern the first bi-monthly payment of the family allowance for 2022. The second installment will most likely be paid […]
On March 31, the 1st bi-monthly installment of family allowances for 2022
The payment of the main and auxiliary pensions for April, the advance payments for the same month as well as the OPEC benefits for March includes -among other things- the planning of the payments from e-EFKA, OAED and OPEC for the week March 28 – April 1 . In total, about 2.4 billion euros will […]
Reuters: OPEC concerned over proposed EU ban on Russian oil
OPEC officials believe that a possible European Union ban on Russian oil imports as part of sanctions against Russia’s invasion of Ukraine would hurt consumers. In fact, according to OPEC sources cited by Reuters, the cartel has transferred these concerns to Brussels. Major OPEC members, such as Saudi Arabia and the United Arab Emirates, have […]
WTI finds a solid bottom above $100
WTI has stabilized in a narrow range of $102-$106 and currently trades at 103.00 and is trading almost flat. WTI has once again found a decent bottom above $100 after a roller coaster week as traders ponder supply risk from Russia. More evidence that OPEC+ is short of its production quotas (in February) is contributing […]
Oil prices will hit $125 in June – UBS
Despite the recent drop, UBS strategists believe that crude oil prices are well supported. They expect oil reaches around $125 a barrel by June, only tapering off to $105 by the end of the year. Crude is well supported despite the drop “Russian oil exports and production to be affected by sanctions and bans select […]
Pandemic: The three changes in the social budget landscape
Of Dimitris Katsaganis Three changes in the social budget landscape, during the pandemic, are shown based on the data it presents the 4th quarterly report of the budget office of the Parliament, which was published yesterday. Firstly pending retirement applications and with them the debt of the funds to the insured and in particular retirees. […]
OPEC: The electronic platform A21 for child allowance is temporarily closed
The electronic application platform A21-Child Allowance is temporarily closed today, at 18:00, as it happens before each new payment, according to an announcement by the Organization for Welfare Benefits and Social Solidarity (OPEC). Following this, the online platform will not accept new applications until the settlement and payment of the first bi-monthly installment is completed […]