Tag: Petroleum Exporting Countries
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Oil futures extending gains on demand hopes
Crude oil futures are moving higher Wednesday morning, extending gains from the previous session, amid optimism about increased energy demand, and on the decision...
Nigeria’s move to develop huge gas deposit “step in right direction”
Nigeria's move to develop its huge gas deposit was a step in the right direction, said Mohammed Barkindo, secretary-general of the Organization of the...
Oil prices settle mixed amid U.S. inventories data, demand concerns
Oil prices settled mixed on Wednesday as investors digested U.S. stockpiles data amid lingering concerns over crude demand.
The West Texas Intermediate...
OPEC+ moves to 2nd phase of oil cuts by easing output restrictions
The Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC countries decided in a meeting on Wednesday to move to the second phase of...
OPEC daily basket price stands at US$43.44 per barrel
The Organization of the Petroleum Exporting Countries (OPEC) daily basket price stood at 43.44 U.S. dollars a barrel on Wednesday, compared with 43.15 dollars...
