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...
Tag : OPEC
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...
Saudi Aramco makes huge profit amid Ukraine-Russia war
The amount from the Saudi oil firm Aramco is the biggest quarterly adjusted profit of any listed company....
Will Saudi Arabia, UAE bail out from oil crisis?
OPEC was established in 1960 as a cartel with the intention of controlling the price and supply of oil globally....
Takeaways from Joe Biden’s first trip to Middle East
OPEC+ decided last month to increase output targets by 648,000 barrels per day in August....