OPEC+ Leans Towards Extending Supply Cut

By Adedapo Adesanya The Organisation of the Petroleum Exporting Countries (OPEC) and allies known as OPEC+ are leaning towards delaying next year’s planned increase in oil output. This is to support the market during the second wave of COVID-19 and rising Libyan output despite a rise in prices, three sources close to OPEC+ have been… Continue reading OPEC+ Leans Towards Extending Supply Cut

Brent Trades at $45 as Possible Supply Cut Extension Woos Investors

By Adedapo Adesanya The Brent crude price appreciated by 81 cents or 1.83 per cent to trade at $45.01 per barrel at the global market on Friday supported by investors showing confidence that the Organisation of the Exporting Countries and its allies (OPEC+) will keep production in check. This also boosted the price of the… Continue reading Brent Trades at $45 as Possible Supply Cut Extension Woos Investors