Oil set for longest winning streak in two months on U.S. output
Oil headed for its longest winning streak in two months after declines in U.S. crude production and gasoline inventories allayed ...
Saturday, April 4, 2026
Tag: OPEC
Eyes-on-shale OPEC resists calls for deeper output cuts
The chorus in the oil market calling for deeper production cuts gets louder almost every day. By resisting the clamor, ...
Russia sticks to conservative $40 oil forecast for 2018 budget
The Russian government is sticking to its conservative assumptions for oil prices as it drafts the budget for the next ...
Nigeria ready for output cuts as OPEC mulls deeper cuts to rebalance market
Amid current global oil glut that have seen oil prices slump to a 10-month low despite OPEC members agreed cuts ...
Commodities wrap-up: June 26
The week began on a losing note, making it the 5 straight week of losses for the crude prices. OPEC ...
Oil revenues from producing states make up 41% of N418.8bn shared by FG in May
Nine oil producing states, including Lagos, contributed N174.99 billion (or 41 percent) in oil revenues to the N418.82 billion shared ...
Oil, gold and bitcoin
The falling price of oil did not garner any mainstream financial media attention until today, when U.S. market participants woke ...
OPEC has few escape routes from another bear market in oil
Oil’s back in a bear market and investors remain unmoved by last month’s agreement to prolong supply cuts, leaving OPEC ...
Oil market heading in right direction, says Saudi’s energy minister
Saudi Arabia's Energy Minister Khalid al-Falih talks to journalists before a meeting of OPEC oil ministers in Vienna Saudi Energy ...
Falling oil prices may hurt external reserves, CBN naira defence policy
The consistent fall in global oil prices in the past few weeks may hurt the nation’s external reserves and inhibit ...
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