OPEC ‘optimistic’ Oil Output Cuts Leading To Price Recovery
Oil-exporting cartel OPEC is confident that production cuts agreed with non-members to prop up prices will lead to a recovery ...
Tag: Organization of Petroleum-Exporting Countries
Oil Output Cuts Pressure Mideast Economic Growth
Economic growth in Saudi Arabia and most other Arab oil exporters will slow this year following production cuts aimed at ...
China Binges On African Oil Like Never Before After OPEC Cuts
China is set to import record amounts of crude oil from West Africa this month as OPEC’s supply cuts pave ...
Nigeria’s Central Bank Moves On Forex To Boost Economy
Nigeria's central bank has made moves to strengthen the naira currency to boost domestic manufacturing and lift the economy out ...
Asian Traders Tread Carefully As Quarter Draws To A Close
Asian investors moved cautiously Friday following a Wall Street rally inspired by better-than-expected US economic growth data, while South Africa's ...
US Stocks Shake Gloom As Oil Tops $50/barrel
Wall Street stocks rallied Thursday, shrugging off uncertainty over President Donald Trump's agenda and advancing as US fourth-quarter growth was ...
Pace of Reform Slows As Nigeria’s Ailing Buhari Slims His Schedule
A lingering illness has led President Muhammadu Buhari to reduce his working day to a few hours since he returned ...
Saudi Arabia Loses Fitch Rating Over Budget Concerns
Saudi Arabia on Wednesday lost its high-quality credit rating from the Fitch agency, which lowered the kingdom a notch because ...
Venezuela Arrests Brownie and Croissant Bakers In ‘bread War’
Venezuela this week arrested four bakers making illegal brownies and other pastries as President Nicolas Maduro's socialist government threatens to ...
Halfway Into 2017’s Oil Supply Cut, Asia Remains Awash With Fuel
Halfway into an OPEC-led oil supply cut, Asia remains awash with fuel in a sign that the group's efforts to ...
Global Oil Supplies Up, But OPEC Abides By Output Cut
OPEC countries are complying with a landmark deal to reduce a worldwide glut in oil, but global supplies nevertheless increased ...
Fuel Prices Expected To Fall By 3%
Fuel prices is expected to fall by about 3% later this month. This is according to the Institute for Energy ...
Energy Drags On Wall St. As Oil Falls Further; Airlines Slide
U. S. stocks fell on Tuesday as oil prices dropped to their lowest since November and airlines pulled industrial stocks ...
Saudi Says ‘committed’ To Oil Market Stability
Saudi Arabia is committed to stabilising the global oil market, the energy ministry of the world's biggest oil exporter said ...
Fuel Prices To Fall By 3%
Fuel prices will fall by three per cent later in the month on the back of the drop of Brent ...
Sterling Slips As Brexit Talks Get Green Light, Stocks Advance Before Fed
Sterling dropped on Tuesday after Britain's parliament paved the way for Prime Minister Theresa May to launch divorce talks with ...
Oil Touches Three-Month Lows, As U.S. Supply Swells
Oil hovered around three-month lows on Monday, as rising U. S. inventories and drilling activity offset optimism over OPEC's efforts ...
Stocks Rise As U.S. Jobs Data Points To Rate Hike; Crude Slips
Crude oil resumed a sharp decline and global equity markets rose on Friday after a robust U. S. jobs report ...
OPEC Output Cuts Exceed Target
OPEC compliance with oil output reductions has exceeded the target because of higher Saudi cuts, Kuwaiti Oil Minister Essam al-Marzouk, ...
US Increases Imports of Nigerian Crude By 287%
The United States almost tripled the volume of crude oil bought from Nigeria last year, seven years after it began ...