Friday, February 26, 2021
MARKET UPDATE
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Tag "Organisation of Petroleum Exporting Countries"

OPEC+ facing hard choices

    OPEC+ facing hard choices

Crude oil futures are trading lower on Monday morning as market participants closely watch OPEC members and their allies as they begin a two-day meeting to discuss their next steps

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Oil looking oversold heading into latest OPEC meeting

    Oil looking oversold heading into latest OPEC meeting

There is a feeling of change within the strategy of how OPEC operates. This uncertainty has played a leading role behind the price of oil coming under relentless pressure over

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Oil prices recover— Barkindo says ‘we’re solid as a rock’

Mohammed Barkindo, secretary general of the Organisation of Petroleum Exporting Countries, says the oil market is as solid as a rock after prices showed signs of recovery on Wednesday. Brent

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Oil prices hit $70 per barrel amid OPEC cuts

    Oil prices hit $70 per barrel amid OPEC cuts

Oil prices were firm on Wednesday, receiving ongoing support from healthy economic growth and supply restrictions led by the Organisation of the Petroleum Exporting Countries (OPEC) and Russia. NAN reports

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Oil price will ‘remain between $40-$60’ despite OPEC cut

  Oil price will ‘remain between $40-$60’ despite OPEC cut

Moody’s, US-based ratings agency, says crude oil prices will remain within the range of $40 to $60 despite the extension

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Oil prices hit 30-month high of $65

  Oil prices hit 30-month high of $65

Brent crude oil prices jumped above $65 per barrel after the shut down of the Forties North Sea pipeline knocked

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At $44.5 oil benchmark, Nigeria’s 2017 budget may be at risk — before take-off

  At $44.5 oil benchmark, Nigeria’s 2017 budget may be at risk — before take-off

Declining oil prices may put the Nigeria’s 2017 budget at risk, as deficit will rise due to fall in oil

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Oil prices begin decline less than a week after OPEC deal

  Oil prices begin decline less than a week after OPEC deal

Less than a week after the Organisation of Oil Exporting Countries (OPEC) agreed to a production cut for its members,

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More worries for Nigeria as oil dips to 6-year low

  More worries for Nigeria as oil dips to 6-year low

Nigeria’s principal source of foreign exchange hit a 6-year-low on Thursday as it fell by 4% on the international market

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