US President Donald Trump on Thursday called on OPEC to boost oil output following a fairly steady rise in crude prices in 2019.
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OPEC
Oil hits 2019 highs amid OPEC-led supply cuts, U.S. sanctions on Iran, Venezuela
Oil prices reached their highest so far for 2019 on Thursday as global markets tightened amid supply cuts led by producer club OPEC and U.S. government sanctions against Iran and Venezuela.
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Nigeria, others maximise output cut grace to stabilise
Oil exploration, production, others gasp for $11trn investment–- OPEC
THE Organisation of Petroleum Exporting Countries, OPEC, has disclosed that $11 trillion would be required to invest in oil and gas exploration, production, refining and distribution of petroleum products between now and 2040.
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Oil slips on economic slowdown, as OPEC-led cuts still support
Oil prices dipped on Monday amid concerns that an economic downturn may dent fuel consumption, but crude markets remain broadly supported by supply cuts led by producer group OPEC and U.S. sanctions against Iran and Venezuela.
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Oil rises on ongoing OPEC-led supply cuts, fall in U.S. rig count
Oil prices rose on Monday, lifted by comments from Saudi oil minister Khalid al-Falih that an end to OPEC-led supply cuts was unlikely before June and a report showing a fall U.S. drilling activity.
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Oil prices rise on trade deal hopes as OPEC cuts supply
Saudi defiant on oil cuts after Trump tells OPEC to ‘relax’
The Saudi energy minister said Wednesday he is leaning towards extending oil production cuts in the second half of 2019, despite US President Donald Trump’s demand to keep prices down.
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Oil prices rise as OPEC rebuffs Trump’s pressure
Oil edged up on Tuesday as OPEC was expected to stick to its production cuts despite pressure from U.S. President Donald Trump, although the prospect of higher Libyan output capped gains. Prices slid on Monday, when many traders were out of the office attending International Petroleum Week, a series of industry events in London, after […] …
Buhari backs oil cut by OPEC
President Muhammadu Buhari has pledged the cooperation of Nigeria to the reduction of oil output to attract higher prices in the global market.Speaking with Mr. Ahmad Qattan, Special Envoy of King Salman Bin Abdulaziz, Minister of State for African Affair…..
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