Global oil inventories could build by 700,000 bpd in Q1 2020 – IEA
Global oil inventories could rise sharply despite an agreement by OPEC and its allies to deepen output cuts as well as lower expected production by the United States and other…
Algeria to cut oil output by 12,000 bpd under new OPEC deal
OPEC member Algeria will reduce its crude oil output by 12,000 barrels a day to comply with a deal agreed by other producers with the aim of balancing the global…
OPEC gearing up for deeper oil cuts, Russia yet to agree
OPEC is gearing up to deepen production cuts later this week but still needs to agree with allies such as Russia over details of a deal to support oil prices…
Nigeria commits to OPEC agreements before Vienna meeting
Nigeria is committed to full implementation of agreements among OPEC and non-OPEC members, its minister of state for petroleum said on Sunday, ahead of an OPEC meeting in Vienna. Timipre…
Physical oil and futures align to tell story of a tighter market next year
The physical crude oil market and the structure of the oil futures curve have rarely been more aligned over the past few years than in recent weeks, and they tell…
OPEC+ likely to extend oil supply cuts until June – sources
OPEC and its allies are likely to extend existing oil output cuts when they meet next month until mid-2020, with non-OPEC oil producer Russia supporting Saudi Arabia’s push for stable…
OPEC’s share of Indian oil imports in October hits lowest since 2011
OPEC’S share of India’s oil imports fell to 73% in October, its lowest monthly share since at least 2011, tanker data from sources showed, as refiners shipped in fuel from…
Africa has all ingredients for a new era of success
By: NJ Ayuk If you follow news about Africa, it’s easy to find disheartening headlines about the continent’s struggles. But those stories do not paint a complete picture….
Oil prices edge up on trade-talk optimism, OPEC meeting
Oil prices inched higher on Monday, extending steady gains from the previous week, with investors awaiting fresh clues over prospects for a trade deal between the United States and China…
U.S-China trade deal would help lift ‘dark cloud’ over oil – OPEC
OPEC’s secretary general said on Wednesday a trade deal between the United States and China would boost the global economy and would help lift a “dark cloud” over the oil…