OPEC Decides Nigeria’s Oil Output Today

The Organisation of the petroleum exporting Countries (OPEC) will today debate on whether to cap oil output from Nigeria and Libya, which have so far been excluded from supply curbs due to falling production amid unrest. Two sources with knowledge of the matter told LEADERSHIP that the 14-member OPEC will meet today to decide whether to… Please follow and like us:

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Chinese yuan rises in global oil markets as Saudi seeks funding in RMB

BEIJING – Saudi Arabia is willing to consider funding itself in Chinese yuan, a senior Riyadh official said last week as the global oil markets are witnessing a rise of China and its currency. The remarks made by Saudi’s Vice Minister of Economy and Planning Mohammed al-Tuwaijri raised the possibility of the renminbi entering the oil… Please follow and like us:

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OPEC Predicts Higher Demand for Oil in 2018

The Organisation of Petroleum Exporting Countries (OPEC) has predicted a higher demand for its crude oil in 2018, citing rising global demand, and pointing to strong indications that the glut in the oil market is easing. In its monthly Oil Market Report (OMR) released thursday, the cartel pointed to signs of a stronger oil market that… Please follow and like us:

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