opec

Oil Prices Hold Steady as Brent Crude Eyes $80 Amid Market Uncertainty

Oil Prices Hold Steady as Brent Crude Eyes $80 Amid Market Uncertainty

As the price of Brent crude oil gets closer to the $80/barrel mark, market observers take notice. Brent is trading… Read More

10 months ago

Crude Oil Prices Fall Amid Fears of Higher OPEC+ Output and Weak Demand

Crude oil prices declined on Monday, continuing the downward trend from the end of last week, amid expectations of increased… Read More

11 months ago

Oil Prices Under Pressure as Weak China Demand, Rising Inventories Weigh on Market

Oil prices are facing downward pressure as analysts cut their 2024 forecasts due to weaker-than-expected fuel demand from China and… Read More

11 months ago

OPEC+ Meeting Postponed as Nigeria and Angola Dispute Output Assessment

The OPEC+ group of oil producers has decided to postpone its policy meeting to November 30, as two African members,… Read More

2 years ago

Crude Oil plunges to lowest level since July

Crude oil fell to its lowest level since July as trend-following trades intensified losses that were initially sparked by rising… Read More

2 years ago

OPEC+ Bows To Pressure, Agrees To Push Production By 648,000Bpd In July

After resisting pressure from the United States to increase production levels to mitigate the continuous upward movement of prices of… Read More

3 years ago

Nigerian Markets Last Week: Brent Nears $70 After OPEC+ Surprise

The Nigerian Markets report for the week ended March 5, 2021. It captures indexes that gauge performance across a number… Read More

4 years ago

OPEC+ to Keep Supply Mostly Steady

Spring is in the air, demand is recovering, oil prices are buoyant and inventories are shrinking. Time for the organisation… Read More

4 years ago

Can OPEC+ Maintain Order As Oil Prices Rise?

There is already discord within the extended oil cartel. The last time OPEC+ made a decision on production, it had… Read More

4 years ago

OPEC+ Stalemate, New Covid Lockdowns Send Oil Prices Lower

Reports that members of the Organisation of Petroleum Exporting Countries and its allies (a group known as OPEC+) are at… Read More

5 years ago

Nigerian Markets Last Week: Oil Rallies on OPEC+ Agreement, Cryptocurrencies Record Weekly Gain

The Nigerian Markets report for the week ended December 4, 2020. Stock Market The Nigerian Stock Exchange All-Share Index and… Read More

5 years ago

OPEC and Russia Seal Pact to Increase Oil Output in January

The Organisation of Petroleum Exporting Countries (OPEC) and its Russia-led allies, in attempting to measure the strength of the economy… Read More

5 years ago