OPEC

By Teddy Nwanunobi The Organisation of the Petroleum Exporting Countries (OPEC), on Tuesday, said that its price of a basket of 13 crudes stood at $63.22 a barrel on Monday. The above price is compared with $63.63 the…
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By Teddy Nwanunobi The Organisation of the Petroleum Exporting Countries (OPEC), on Monday, said that its price of basket of 13 crudes stood at $63.63 a barrel on Friday. The above price is compared with $63.06…
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By Teddy Nwanunobi Ahead of the 29th Meeting of the Joint Ministerial Monitoring Committee (JMMC) and the 16th OPEC and non-OPEC Ministerial Meeting (ONOMM) scheduled for Wednesday, April 28, 2021, the Joint Technical Committee (JTC),…
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Following a six-percent weekly gain last week, oil prices were slightly up yesterday morning, erasing earlier losses as the United States’ dollar weakened again. WTI Crude was up 0.32 percent at $63.30 and Brent Crude was trading up…
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Oil was little changed on Monday amid hopes that fuel demand is picking up in the U.S. as the summer driving season approaches and COVID-19 vaccinations there accelerate, although rising case numbers in other countries are keeping a lid on…
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By Teddy Nwanunobi Nigeria’s oil production from January to October 2020, according to the latest data from the Nigerian National Petroleum Corporation (NNPC), fell by 10.25 per cent, when compared to similar period in…
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By Teddy Nwanunobi Oil prices gained early on Tuesday, following a drop in the U.S. dollar, which made crude a more attractive buy, paring losses of more than 4 per cent incurred overnight on the prospect of producers returning more…
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By Teddy Nwanunobi The price of the Organisation of the Petroleum Exporting Countries (OPEC) basket of 13 crudes stood at $63.07 per barrel on Wednesday, the Organisation said on its website on Thursday. The above price compared with…
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By Teddy Nwanunobi The World Trade Organisation (WTO), on Wednesday, said that the falling oil prices led to a 35 per cent contraction in trade in fuels in 2020 as a result of the outbreak of the Coronavirus (COVID-19) Pandemic. …
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By Teddy Nwanunobi The Organisation of the Petroleum Exporting Countries (OPEC), on Wednesday, commended the rollout of the COVID-19 vaccines and large fiscal stimulus in some countries, saying that it was encouraging for economic…
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