London – OPEC on Wednesday cut its forecast for growth in world oil demand in 2020 due to an economic slowdown, an outlook the producer group said highlighted the need for ongoing efforts to prevent […]
Moscow – OPEC’s Joint Ministerial Monitoring Committee (JMMC) may discuss new metrics for the global oil cuts deal when it convenes in Abu-Dhabi on Sept. 12, TASS cited OPEC Secretary-General Mohammad Barkindo as saying on […]
By Edith Ike-Eboh Abuja – The Organisation of the Petroleum Exporting Countries (OPEC) and the Nigerian Extractive Industries Transparency Initiative have commended Mr Mele Kolo Kyari’s appointment as NNPC boss. The organisations gave the commendation […]
London – Iran’s oil minister is scheduled to meet his Russian counterpart in Iran later on Monday, industry sources said, raising hopes of progress in resolving a month-long impasse over when OPEC and its allies […]
London – Oil price hit multi-week highs on Monday after OPEC indicated it was likely to maintain production cuts that had helped boost prices this year. Brent crude was up by 34 cents to $72.55 […]
Singapore – Oil prices on Tuesday reversed earlier losses after Saudi Arabia said a deal between producers to withhold output that has been in place since January could be extended beyond June to cover all […]
Oil falls after Trump presses OPEC to make up for Iranian sanctions London, April 29, 2019 (Reuters/NAN) Oil prices fell on Monday, extending a slump from Friday that ended weeks of rallying after President Donald […]
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