Tag: OPEC+

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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...

Oil prices jump 2% to near 10-month high as OPEC predicts tight supplies

Oil prices jumped about 2% to a near 10-month high on Tuesday on a tighter supply outlook and OPEC optimism over the resilience of...

Oil falls as concerns about China outweigh extended cuts

Oil prices eased on Thursday as an uncertain economic outlook for China outweighed expectations of tighter supplies from extended supply cuts in Saudi Arabia...

Oil dips as markets shrug off supply jitters

Oil prices reversed course on Wednesday after rising over 1% in the previous session, on a firmer dollar and as investors shrugged off jitters...

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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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