Oil prices slipped in early trade on Thursday, reversing most of the previous session’s gains, weighed down by worries of higher global production...
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OPEC+ has delayed plans to ease production cuts from October to December by two months, aiming to stabilise falling crude oil prices. With global markets remaining in deficit, oil prices are now close to $73/barrel, reflecting concerns over demand from China and the US. But looking at the expected 2025 balance of supply and demand, OPEC+ may simply be kicking the can down a very uphill road. The fact that oil trades low highlights a very weak market sentiment that increasingly carries the risk of Brent staying below $75/barrel. With an increase in non-OPEC+ production of 1.5 million barrels/day this
Oil prices slipped in early trade on Thursday, reversing most of the previous session’s gains, weighed down by worries of higher global production...
Oil went into a holding pattern as investors turned their full focus to the tight US presidential election, after prices jumped on Monday on...
Naija247news gathered that Nigeria’s crude oil production experienced a marginal increase in October 2024, reaching an average of 1.33 million...
Oil prices extended declines on Monday as the threat of a supply disruption from a U.S. storm eased and after China’s stimulus plan disappointed...
Oil prices fell slightly on Friday as the risk that a hurricane in the Gulf of Mexico will significantly affect U.S. oil and gas output declined,...
Oil prices fell slightly on Friday as the risk that a hurricane in the Gulf of Mexico will significantly affect U.S. oil and gas output declined,...
BREAKING: Kyari Led NNPCL Reaches 1.8m Barrels Per Day Crude Oil Production—-The Nigerian National Petroleum Company Limited (NNPCL) says it has...
%BlogLink% %FearturedImage% %PostLink% The Nigerian National Petroleum Company Limited (NNPCL) says it has reached the mark of 1.8 million barrels per...
The Nigerian National Petroleum Company Limited (NNPCL) says it has reached the mark of 1.8 million barrels per day of crude oil production. The...
The price of Azerbaijan’s Azeri LT CIF oil in the world market increased by $1.39, or 1.86%, to $76.19 per barrel, Report informs. December...