Tag: OPEC+

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Oil slips as US crude stock build stirs doubts on demand

Oil prices fell on Wednesday after industry data showed a surprise build in U.S. crude inventories against analysts’ forecast of a decline, reinforcing fears about...

Oil prices rise after OPEC+ keeps output cut targets, China eases COVID curbs

Oil prices edged up on Monday after OPEC+ nations held their output targets steady ahead of a European Union ban and a price cap...

Oil settles up $2 on tighter supply; OPEC+ talks limit gains

Oil prices settled up by over $2 per barrel on Wednesday on signs of tighter supply, a weaker dollar and optimism over a Chinese...

OPEC+ decision to hold virtual meeting signals little likelihood of policy change, cap on Russian oil awaited – source

The OPEC+ decision to hold its Dec. 4 meeting virtually signals little likelihood of a policy change, a source with direct knowledge of the...

Oil up on lower U.S. crude stocks and dollar, OPEC+ and China concerns limit gains

Oil prices posted gains of more than 1% in Asian trade on Wednesday on falling U.S. crude inventories and a lower greenback, but concerns...

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World Bank’s Banga says more bilateral debt forgiveness needed

World Bank President Ajay Banga said on Thursday (17...

Ghana, creditor panel agree on debt restructuring, paving way for IMF cash

Ghana has finalised a pact with its official creditor...

Nigeria strikes deal with Shell to supply $3.8 billion methanol project

Nigeria has struck a deal for Shell (SHEL.L), opens new...

Africa’s $824 billion debt burden and opaque resource-backed loans hinder its potential, AfDB president warns

Africa's immense economic potential is being undermined by non-transparent...

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