However, crude Oil prices received downward pressure, partly due to slowing economic growth in China. On Friday, China’s Gross Domestic Product (GDP) grew at an annual rate of 4.6% in the third ...

Crude Oil starts the week on the backfoot, sinking further below $75.00. The US Dollar Index orbits around 103.00 and is looking for a catalyst to move higher.

Jefferies’ Omar Nokta said Opec’s signalling that it was shifting ... analysts from Clarksons said that decision could boost rates to $100,000 per day as the estimated production growth ...

Heineken Lokpobiri, has said that Nigeria will comply with the production quota set by the Organisation of Petroleum Exporting Countries, OPEC. Recall that on June 2, 2023 during the ministerial ...

Heineken Lokpobiri, minister of state for petroleum resources (oil), says Nigeria will conform with the production quota set by the Organisation of Petroleum Exporting Countries (OPEC).

OPEC’s plans to increase supply by 2.2 million ... a string of promising discoveries and may have a final investment decision in 2024. We think the project will move forward, and that the ...

Saudi Arabia's oil minister says crude prices could fall as low as $50 per barrel. OPEC delegates consider this a signal that the Saudis are ready to engage in a price war. The minister called out ...

Also, front-month November Nymex natural gas (NG1:COM) finished -0.3% to $2.886/MMBtu. OPEC refuted a Wall Street Journal report that said Saudi Arabia's oil minister Prince Abdulaziz bin Salman ...

During a conference call last week, Prince Abdulaziz bin Salman, the oil minister of OPEC kingmaker Saudi Arabia ... The kingdom’s decision to pump to record levels amid the Covid pandemic ...

This decision will become public on December 1, when OPEC is scheduled to determine whether to increase production. Though it was initially meant to do so in October, the decision was delayed.

according to the Organisation of the Petroleum Exporting Countries (OPEC). Iran exports half of its production, representing approximately 2% of global supply. Josh Gilbert, Market Analyst at ...