OPEC Mulls Deeper Oil Cuts Over Lingering Demand Concerns
The Organisation of the Petroleum Exporting Countries (OPEC), Russia, and their allies have not ruled out deeper oil output cuts when they next meet December 5-6 in Vienna, Austria, even as OPEC’s analysis arm revised upward...
As OPEC Output Sinks Crude Drops To $60.8
Brent crude dropped again in price on Monday, shedding $1.09 to close at $60.82 per barrel.
Also, the oil output of the Organisation of Petroleum Exporting Countries fell to an eight-year low in September after attacks on Saudi...
Falling Oil Price Won't Change Our Production, NNPC Assures
Nigeria will not alter the production adjustments agreed upon between Organisation of Petroleum Exporting Countries and Non-OPEC countries despite recent volatility in global oil prices, the Nigerian National Petroleum Corporation has said.
Members of OPEC and non-OPEC...
Oil Slumps To $61 Despite OPEC Output Cut
The international oil benchmark, Brent crude, dropped for the first time in six days on Thursday after the United States’ Federal Reserve dampened hopes for a string of interest rate cuts and as rising US output helped...
OPEC Oil Output Hits Lowest Level In 8 Years
Crude oil production by members of the Organisation of Petroleum Exporting Countries hit an eight-year low in July as a further voluntary cut by Saudi Arabia deepened losses caused by United States’ sanctions on Iran and...
OPEC Forecasts Lower Demand For Its Oil In 2020
The Organisation of Petroleum Exporting Countries (OPEC) Thursday predicted that the world demand for its crude oil would decline next year as rivals pump more, pointing to the return of a surplus despite an OPEC-led pact...
