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:

Read More

OPEC minister: “We used to have a WhatsApp group”

As a six-month-old spat between Saudi Arabia and Qatar deepens, OPEC’s Gulf ministers will have to scrap their tradition of meeting behind closed doors to agree on policy before the organisation holds its twice-yearly talks, OPEC sources say. “We used to have a WhatsApp group for all ministers and delegates from the Gulf. It used to… Please follow and like us:

Read More

World Bank Predicts Further Rise in Commodity Prices in 2018

The World Bank has predicted that oil prices would rise to $56 a barrel in 2018 from $53 this year, as a result of steadily growing demand, agreed production cuts among oil exporters and stabilising United States shale oil production. In addition, the Bank predicted that the surge in metals prices was expected to level off… Please follow and like us:

Read More

Oil, Canadian Dollar & Yields

This week we wrestled with what to focus our Market Ethos on given the many big moves we have seen in the markets including yields, the Canadian dollar (C$) and oil. Our problem stemmed from the fact that these three topics were covered in the previous three weeks of Market Ethos (you can see what we… Please follow and like us:

Read More