OPEC

Non-compliance by some Organisation of Petroleum Countries (OPEC) members, such as Nigeria, has raised concern of an oil price war, market-watchers warned at the weekend. One of the analysts, Director School of Energy Economics, Policy…
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Today, Friday, the President of Nigeria, Muhammad Buhari, may have signed the revised federal budget, according to the tweet of Bishr Ahmed, a Presidential Aide. Revised Nigeria budget revenue is based on the assumption of $ 25 a barrel…
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*Monthly Brent spot prices will average $41/bbl during the second half of 2020 and rise to an average of $50/bbl in 2021, the US Energy Information Administration (EIA) said in its July Short-Term Energy Outlook Monthly Brent spot…
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The oil price has been predicted to hit $100 per barrel in around 18 months. That’s what Orascom Investment Holding Chairman and CEO Naguib Sawiris believes, a new CNBC television interview has revealed.  “I actually believe that in,…
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After applying the largest price increases in 20 years in July Read in this article Aramco raises the selling price by $ 1.20 a barrel above the average prices of Oman / DubaiThe selling price to America increased by $ 1.65 a barrel…
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Estimates from the Petro-Logistics company to track tankers, concluded that OPEC cut oil production in June, by 1.25 million barrels per day from May levels, as part of the implementation of the agreement to reduce production in the OPEC +…
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If the upside momentum continues then look for buyers to make a run at the resistance cluster at $39.35 to $39.36 The U.S. West Texas Intermediate crude oil prices are trading higher, boosted by a weaker U.S. Dollar and…
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Oil prices inched up on Friday as the bullish impetus from signs of fuel demand recovery was kept in check by a rising number of new coronavirus cases in the United States and China and tentative expectations of U.S. output ticking up. …
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*West Texas crude is still under $40 a barrel Future oil prices continued to rise on Friday morning in the Asian markets in reaction to the surprising decline in Russian oil exports, dealers in the market, as Russia reduced the exports…
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...Credits organisation’s response in helping prices recover After suffering historic price drops in the first half of 2020, oil markets are now well onto the path of recovery for the second half of the year according to Opec secretary…
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