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Tag: Joint Ministerial Monitoring Committee

global oil market, Bonny Light and Brent crude oil, Arthur Eze, Nigeria cuts crude oil production to 1.77mbpd, Nigeria wants international oil companies to pay up now , OPEC+ deal gets a boost as Russia and Saudi Arabia consider further output cut, 4 key reasons why Brent crude might slip back to $35 per barrel, How substantial is compliance for the Oil market?

Crude oil prices close lower due to growing concerns about global economy

by Olumide Adesina

August 22, 2020

Crude oil markets are still trading unusually been less volatile this week

Oil prices

Crude oil prices rally higher as OPEC+ ramps up effort to curb oversupply

by Olumide Adesina

August 21, 2020

Also Brent crude soared by 0.4%, to trade at $44.07, heading for a weekly rise around 0.5%.

Saudi, Russia agree to cut oil by 20 million barrel, Further oil production cut required to keep oil price above $40 in 2020 , OPEC + deal to boost Nigeria’s earnings by $2.8 Billion, Oil Still Bullish After OPEC+ Decision

Outcome of OPEC’s Joint Ministerial Monitoring Committee

by Opeoluwa Dapo-Thomas

The cumulative OPEC+ cut in August and September would be some 8.4million bpd.

Saudi, Russia agree to cut oil by 20 million barrel, Further oil production cut required to keep oil price above $40 in 2020 , OPEC + deal to boost Nigeria’s earnings by $2.8 Billion, Oil Still Bullish After OPEC+ Decision

OPEC’s influence on the Oil Markets

by Opeoluwa Dapo-Thomas

OPEC has been regarded as a cartel and has acted as a cartel of late.

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