OPEC + Cuts

Oil Market Falls Despite OPEC+ Cut Extension

March 5, 2024

By Adedapo Adesanya The oil market fell slightly on Monday, as demand headwinds outweighed a widely expected extension of voluntary output cuts through the

Economy

Crude Oil Jumps 2% as Traders Sight Possible OPEC+ Cuts

March 2, 2024

Adedapo Adesanya

By Adedapo Adesanya Crude oil appreciated by about 2 per cent on Friday as traders awaited a decision from the Organisation of the Petroleum

Economy

Oil Dips as Nigeria, Angola Aim to Meet Cuts After OPEC+ Delay

November 24, 2023

Adedapo Adesanya

By Adedapo Adesanya Oil dipped on Thursday, extending losses on expectations that the Organisation of the Petroleum Exporting Countries and its allies (OPEC+) might

World

APPO Supports OPEC+ 2mb/d Cut, Says it Supports Africa

October 7, 2022

Adedapo Adesanya

By Adedapo Adesanya The African Petroleum Producers Organisation (APPO) has supported the recent decision by the Organisation of the Petroleum Exporting Countries and allies

Economy

Tight Global Supply After OPEC+ Cuts Supports to Oil Prices

October 7, 2022

Adedapo Adesanya

By Adedapo Adesanya Oil prices rose more than 1 per cent on Thursday, holding at three-week highs after it was agreed to tighten global

Economy

OPEC+ Sticks to Gradual Ease of Oil Production for June

June 1, 2021

Adedapo Adesanya

By Adedapo Adesanya The Organisation of the Petroleum Exporting Countries and its allies (OPEC+) agreed on Tuesday to continue gradually easing production cuts amid

Economy

Nigeria Reiterates Commitment to OPEC+ Cuts

January 14, 2021

Adedapo Adesanya

By Adedapo Adesanya The Nigerian National Petroleum Corporation (NNPC) has reiterated its commitment to abide by the output cut agreement of the Organisation of

Economy

Easing of Oil Output Cuts to Sway Market This Week

July 13, 2020

Adedapo Adesanya

By Adedapo Adesanya Last week, prices of both the Brent crude and the US West Texas Intermediate (WTI) crude initially dropped on oil demand

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