Oil Bears have a Joker: Libya
OPEC decided to exempt Libya from its oil production cuts due to the production lost through conflicts and its closure ...
Tag: OPEC
News and stories about OPEC
Brent crude falls, global investors fear strengthened on resurgence of COVID-19 cases
Investors' concerns strengthen over the pace at which the global economic recovery from COVID-19 overriding OPEC+ pledge to extend oil ...
Nigeria explains when it will fully comply with OPEC+ output cut
Mele Kyari disclosed that the country will implement all of the output cuts that were agreed, by the middle of ...
4 key reasons why Brent crude might slip back to $35 per barrel
Despite the output cuts from OPEC+ and curtailments in North America, crude oil prices may be short-lived as Brent crude ...
OPEC and Alliance Output Cut are not enough to mitigate Brent’s Oversupply Issues
Brent crude still needs to deal with its oversupply issues before it can successfully move on with its current price range of $40 and $50 per ...
Crude oil prices rebound ease investors’ concerns for Nigeria debt market
After the output cut by OPEC+ helped to reduce the supply glut, crude oil prices rebounded to the highest level ...
OPEC+ agrees to output cuts extension, as crude oil prices hit over $42 per barrel
The group has agreed to maintain its current output cut of 9.7 million barrels per day till the end of ...
Brent crude closes at $41, hitting a three-month high
The rally in crude oil price in recent weeks has been triggered by growing economic demand around the world and ...
Brent crude price fails to remain over $40, concerns over pledge cut strengthens
Brent crude lost 1.14 %, to trade at $39.38 a barrel at 3.40 am Nigerian time, failing to stay over ...
Saudi Arabia and Russia agree to extend output cuts, but there’s a condition
The two leading oil producers in the cartel are not just demanding that these non-compliant member countries implement the output ...
