OPEC

OPEC + sources said that the group's technical experts had not decided on any recommendations for a further extension of a record cut in oil supplies during talks on Wednesday. The sources added, according to Reuters, that the experts…
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...During its meeting tomorrow, Thursday The Russian "TAS" agency quoted two informed sources as saying that the OPEC + Ministerial Monitoring Committee, which is scheduled to hold a meeting tomorrow, may consider extending the cuts…
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For the third day in a row, oil prices declined with the opening of Asian markets, but they rose later in the past two days. Will this happen today as well? Oil prices fell by about 2% Wednesday morning, where Brent crude fell by 63…
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Oil prices fell on Tuesday morning in the Asian markets, with fears increasing that the second wave of the spread of the Corona virus would threaten the recovery of oil demand, despite news of reduced production, including Iraq, and…
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*Says world oil demand to decline by nearly 9.1 mb/d this year Analysts at the OPEC Secretariat expect a severe global economic downturn this year, with the economy contracting by 3.4% compared to global Gross Domestic Product, GDP…
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The crude oil production cut agreed by members of the Organisation of Petroleum Exporting Countries (OPEC) to rebalance the market could pose more challenge for Nigeria and other oil exporters, analysts at FSDH Merchant Bank have stated. …
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Nigeria had previously failed at complying completely with its promised cuts in past months. The nation’s current daily oil production has now fully complied and surpassed the mark with its promised cuts under an agreement among major…
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Raising hope that crude oil price may rise to $40 to $45 per barrel as countries gradually recovered from the pandemic, the Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mr. Mele Kyari has assured that the…
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*Oil prices continued dropping as investors and traders weighed on oversupply prospects, dollar strengthening, and refining margins On Tuesday, oil prices continued dropping as investors and traders weighed oversupply prospects,…
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Country has agreed to make up for previous flouting of quotaNNPC cutting output deeper than needed in past 10 days Mallam Mele Kolo Kyari, Group Managing Director of Nigerian National Petroleum Corporation (NNPC), says the OPEC+…
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