China oil prices fall scepticism on OPEC+ cuts
Fears regarding the state of China's economy have also contributed to the bearish sentiment...
Tag : OPEC
IF Insights: Why isn’t the Iraq-Turkey oil pipeline functional yet?
Iraq, the second-largest oil producer in OPEC, exports about 85% of its crude oil through ports in the south...
IMF predicts robust growth for the UAE economy, driven by oil revenues
Over the medium term, increasing non-oil revenue will be supported by the gradual implementation of a corporate income tax, which started in June 2023...
Amid geopolitical tensions, OPEC sticks to 2024 oil demand forecast
OPEC and its allies, known as OPEC+, began limiting supplies in 2022 to support oil prices...
Russia & Saudi Arabia to continue voluntary oil cuts
In August, Russia announced that it would decrease exports by 300,000 bpd through the end of the year...
Moscow plans to reveal new parameters, extends oil export reduction
Russia has been reducing output and exports in concert with Saudi Arabia in addition to current OPEC+ limits...
Nigeria to take significant action to save naira as inflation continues to haunt country
Naira slipped by 0.7%, its steepest decline in nearly six months, in official trading on the Nigeria Exchange on June 2023...
IMF predicts slow growth for MENA economies
Italian Foreign Minister Antonio Tajani said that his country wants the IMF to start disbursing a loan to Tunisia without conditions...
US inventory jump, rate hike worries bring negative volatility in oil sector
Russian Deputy PM Alexander Novak announced that the country plans to cut its oil production by 500,000 barrels per day in March 2023...
OPEC oil production surges despite intended cuts
by Prajwal Wele
Many crude streams in Nigeria made more oil in December, and some businesses said that security had gotten better...