OPEC+ May Consider Ending Production Cuts In 2020
The Organisation of Petroleum Exporting Countries and non-OPEC allies, including Russia, may consider ending their oil output curtailment deal next year in order to preserve market share and implement projects, according to Russian Energy Minister, Alexander Novak.
“As...
Oil Prices Drop As Russia Touts Easing OPEC+ Output
Oil fell on Monday after Russia said an OPEC-led pact may consider easing output cuts next year, but prices held near recent three-month highs on hopes for a trade deal between the United States and China.
Brent...
Nigeria, Others Plan Additional 500,000bpd Oil Production Cut
The Organisation of Petroleum Exporting Countries and its allies are considering a recommendation to cut an additional 500,000 barrels per day of crude production through the first quarter of 2020, with an option to extend it for...
OPEC's Failure To Deepen Cuts May Drive Oil To $40 - Report
New outlook by international observers has shown that a substantial build of global crude stocks and a corresponding drop in oil prices is imminent if additional oil production cuts by OPEC in 2020,...
Nigeria Achieves, Exceeds Target On Crude Production Cut
Nigeria has consistently met and exceeded its crude oil production cut target which it voluntarily entered into as a member of the Organisation of Petroleum Exporting Countries, the Federal Government declared on Sunday.
It also gave assurances of...
Oil Rises By 1% On OPEC Supply Cuts
Oil rose about 1.4 per cent on Wednesday, gaining support due to signs that the Organisation of Petroleum Exporting Countries and allied producers will continue to curb supplies in December, a weaker United States dollar and as...
