OPEC Raises 2020 Demand Forecast Over China’s Recovery       The Organization of the Petroleum Exporting Countries (OPEC), has raised its global oil demand forecast for 2020 by 60,000 barrels per day (b/d) from last month to 90.29 million b/d in October, as it sees an improvement...

Race to WTO Leadership Is Down To The Final Two Candidates     World Trade Organization members selected two final candidates -- Nigeria’s Ngozi Okonjo-Iweala and South Korea’s Yoo Myung-hee -- to advance to the final round in the race to lead the Geneva-based trade body, according...

Petrol: Comparing Nigeria With Saudi Arabia Ridiculous, TUC Tells Buhari       The Trade Union Congress of Nigeria has condemned the comparison between Nigeria and Saudi Arabia made by President Muhammadu Buhari, in his Independence Day address. The President, TUC, Quadri Olaleye, in a statement on Thursday, said...

Oil Slides After Saudi Price Cuts     Oil prices dropped on Monday after earlier hitting their lowest since July as Saudi Arabia made the deepest monthly price cuts for supply to Asia in five months. Optimism about demand recovery also cooled amid the coronavirus pandemic. Brent crude...

Crude Oil: Saudi Arabia Dips Into Stockpiles Saudi Arabia, the world’s largest crude exporter, further dipped into crude stockpiles in January as exports declined for the first time in four months, data released on Wednesday by the Joint Organisations Data Initiative showed. Exports dropped to 7.29...

Saudi Stock Exchange Slumps Following Oil Facility Attacks   Saudi shares slumped at the start of trading Sunday, the first session after drone attacks on two major oil facilities knocked out more than half the OPEC kingpin’s production. The Tadawul All-Shares Index, which tracks the Arab world’s...