2019-12-07 12:39:00| Fool.com Headlines
The news sent oil prices in the U.S. up toward $60 a barrel, which is great news for these four low-cost producers.
2019-12-06 17:17:13| Guardian Unlimited Business - more business news
Cartel will axe further 500,000 barrels a day to prevent supply glut as global economy faltersOpec and its allies have agreed to cut an extra 500,000 barrels of oil a day from the global market next year to help prop up prices amid fears of an economic slowdown.The alliance decided at a meeting in Vienna to deepen its production cuts after reining in output for three years to prevent an oversupply of crude from dragging down prices. Continue reading...
2019-12-06 11:37:42| Mondaq.Com
The President of the Federal Republic of Nigeria, Muhammadu Buhari, on 4th November 2019, signed the Deep Offshore and Inland Basin Production Sharing Contracts Bill into law.
2019-12-05 22:56:58| Business - International Herald Tribune
It remains to be seen whether the reduction in output will have an impact on prices amid a worldwide glut and cheating on agreements.
2019-12-05 16:18:17| Guardian Unlimited Business - more business news
Cartel may cut up to 800,000 barrels a day from market as global economy faltersThe Opec oil cartel is considering deeper cuts to production next year to avert a price slump in the market as the global economy falters.Ministers from some of the worlds biggest petro-nations are expected to cut an extra 400,000 barrels of oil a day from the global market, and may consider even deeper cuts of up to 800,0000 barrels, according to reports. Continue reading...