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1,786.50 +16.70 (+0.94%) Crude Oil
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Crude Oil Dec 30 (CLZ30.NYM)
| Pre. Settlement | N/A |
| Settlement Date | 2030-11-20 |
| Open | 57.80 |
| Bid | 0.00 |
| Last Price | 56.69 |
| Day's Range | 57.80 - 57.80 |
| Volume | |
| Ask | 0.00 |
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- Reuters
OPEC boosts oil income in 2021, well completions drop
OPEC's oil revenue surged in 2021 as prices and demand recovered from the worst of the COVID pandemic, while the number of its members' active rigs posted a modest rebound and new completed wells declined, data from the group showed. The value of petroleum exports by the 13-member Organization of the Petroleum Exporting Countries reached $561 billion in 2021, up 77% from 2020, OPEC's Annual Statistical Bulletin published on Tuesday showed. As OPEC raised output in 2021, the number of active oil rigs in OPEC members rose by 11% to 489, a smaller increase than that seen worldwide.
