Kuwait Says Saudi Arabia to U.A.E. Comply With OPEC Output Cuts Oil producers from Saudi Arabia to the United Arab Emirates are complying with production cuts...
Saudi Arabia Raises Oil Pricing to Asia and U.S. as OPEC Cuts Output Saudi Arabia raised pricing for February oil sales to Asia and increased premiums...
Oil Prices Rise Above $58, Bridge Budget Deficit The new year looks promising for Nigeria and other oil-producing countries as oil prices hit 18-month high yesterday,...
Investment Banks Disagree on Oil Price Recovery in 2017 Global investment banks have differed on their forecasts on the recovery of crude oil prices in 2017,...
Oil Prices Jump as Planned Oil Production Cuts Start to Materialise Oil prices jumped on Friday as evidence increased that producers in the Middle East were...
As producers hope to improve the market for oil prices, Emmanuel Ibe Kachikwu, Nigeria’s Minister of State for Petroleum Resources, joins CNBC to look at the...
Supply Cuts Won’t Re-Balance Market Until Second Half OPEC said its agreement to cut production, while speeding up the re-balancing of the global oil market, won’t...
Oil Pact Could Quickly Sop up Market Glut A pact by leading producers to cut output could quickly begin sopping up the glut on the oil...
Oil Prices Soar to $58 on Global Output Cut Deal Oil prices shot up over four per cent to their highest level since 2015 early on...
Non-OPEC Producers Agree to Cut Output Eleven non-OPEC oil-producing states including Russia agreed Saturday to cut their output by 558,000 barrels per day, OPEC said, in...