OPEC – Maritime First Newspaper

Oil jumps above $41 as storm hits U.S. output, inventories drop

Oil rose for a second day on Wednesday, gaining more than two per cent, as a hurricane closed U.S. offshore production and an industry report showed...

Economy3 years ago

Oil rises 1% on Saudi Aramco’s upbeat demand view, Iraq supply cut

Oil prices climbed on Monday, supported by Saudi optimism about Asian demand and an Iraqi pledge to deepen supply cuts. Although uncertainty over a deal to...

Economy3 years ago

$42.81: Oil prices rise on OPEC+ cuts, record China imports

…As India agrees with China on peaceful resolution of border tensions*** Oil climbed on Monday after major producers agreed to extend a deal on record output...

Brent now $39.21 as Oil prices fall, on doubts over output cuts, surging U.S. diesel inventories

Economy3 years ago

Brent now $39.21 as Oil prices fall, on doubts over output cuts, surging U.S. diesel inventories

Oil prices dropped on Thursday, reversing gains in the previous session, on concern over whether major crude producers will be able to agree to extend record...

OPEC member countries lost $1trn to oil price plunge in two years, says Sec. Gen

Economy4 years ago

OPEC goes for biggest oil cut since 2008 crisis

…Awaits Russia*** OPEC on Thursday agreed to cut oil output by an extra 1.5 million barrels per day (bpd) in the second quarter of 2020 to...

Oil drifts down as U.S. producers, refiners avoid worst of storm

Economy4 years ago

Oil starts 2020 higher on trade optimism, Mideast tensions

Oil prices rose to begin the new year on Thursday buoyed by signs of improving trade relations between the United States and China which eased demand...

We’ll ensure absolute security in Gulf of Guinea – Buhari

Health and Safety4 years ago

We’ll ensure absolute security in Gulf of Guinea – Buhari

…As Gov Bello inaugurates Naval Base in Kogi*** President Muhammadu Buhari on Friday in Malabo, said leaders of neighbouring countries would work together and provide all...

Nigerians to pay more taxes in 2022- Finance minister hints

Banking & Finance4 years ago

Reps Finance C’ttee demand explanations on Chinese $460m Abuja CCTV project

…As Oil slips below $61 following weak demand outlook*** The House of Representatives Committee on Finance has demanded further explanation on the $469 million Abuja CCTV...

Oil prices recover on lower output from U.S., Russia, OPEC

Economy4 years ago

Oil prices recover on lower output from U.S., Russia, OPEC

Oil prices rebounded on Tuesday on reports that output from the world’s largest oil producers fell during the third quarter, although a resumption in Saudi supply...