Tag: OPEC+

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Oil ticks up on lingering worries about supply disruptions

Oil edged higher on Wednesday as investors grappled with the prospect of supply disruptions due to the Middle East turmoil. Brent crude rose 25 cents,...

Oil on track for sharpest weekly decline since March

Oil prices were on track for their steepest weekly decline since March despite rising on Friday, driven by concerns that higher-for-longer interest rates will...

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...

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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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