oil price – Extractive 360

Oil Prices Rise On Signs Of Tightening Supplies

Oil prices rose on Thursday, extending strong gains made in previous sessions on expectations of tighter supplies until the end of the...

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NEWS

Oil Markets On Edge With OPEC+ Negotiation Deadlock

World oil markets are on edge with OPEC+ negotiations to boost supply now in deadlock, the International Energy Agency said in its...

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NEWS

OPEC+ Agrees To Gradual Increase In Production Output

In its July 1 meeting, the OPEC+ Joint Ministerial Monitoring Committee, including Russia and Saudi Arabia, has recommended a gradual increase of...

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INTERNATIONAL NEWS

Saudi Arabia Guaranteed OPEC+ Compliance With Oil Cuts In March – IEA

By Kelvin Alohan with Agency Report The International Energy Agency (IEA) has said that the alliance of OPEC+ oil producers was able...

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NEWS

OPEC+ To Keep Production Flat, Saudi Arabia To Cut More

The meeting of Organization of the Petroleum Exporting Countries and allied producers (OPEC+) concluded with an agreement to maintain stable production in...

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NEWS

NASS Passes N13.58trn Budget For 2021, Pegs Oil Production at 1.86mbpd

The National Assembly, during an emergency session convened on Monday, passed a N13.58 trillion budget for the 2021 fiscal year. The passage...

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NEWS

Oil Price Nears $50 After OPEC, Russia Agree Supply Boost

Oil prices hit the highest level since early March after major producers agreed to a cautious increase in output that eased fears...

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NEWS

Oil Sinks With OPEC Struggling To Reach Production Consensus

Oil slid as lingering tension among OPEC producers highlighted the uncertainty surrounding a delay to the group’s planned output increase. Futures declined...