Tag: OPEC+

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OPEC+ panel unlikely to tweak policy as Saudi keeps oil cuts – sources

OPEC+ is unlikely to tweak its current oil output policy when a panel meets on Wednesday, OPEC+ sources told Reuters, as Saudi Arabia and...

Oil falls more than $1 ahead of Fed rate decision

Oil prices fell by more than $1 on Wednesday ahead of the U.S. Federal Reserve's interest rate decision, with investors uncertain when peak rates...

Oil hits 2023 highs on tight supply outlook

Oil rebounded on Thursday, with Brent crude topping $93 a barrel for the first time this year, as expectations of a tighter supply outlook...

OPEC+ cuts to tighten oil market sharply in fourth quarter, IEA says

Oil output cuts which Saudi Arabia and Russia have extended to the end of 2023 will mean a substantial market deficit through the fourth...

Oil prices extend multi-month highs on supply concerns

Oil prices extended 10-month highs on Wednesday, driven by expectations that crude supply will remain tight for the rest of the year. Saudi Arabia and...

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IEA sees surplus oil supply in 2024 even if OPEC+ extends current cuts

The global oil market will see a slight surplus...

AfDB hybrid capital note could launch before end-November

 The African Development Bank (AfDB) could launch its debut...

Scholz pledges greater investment in Africa’s green energy sector

Germany will invest 4 billion euros in green energy...

World Bank sees $12 billion support to Kenya over next 3 years

The World Bank said on Monday that it foresaw...

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