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Maiden OPEC meeting of 2024, led by Russia slated for early February

Organization of the Petroleum Exporting Countries (OPEC) and its allies, led by Russia, plan to convene their first Joint Ministerial Monitoring Committee (JMMC) of...
News

Prices of oil rise by 8% after OPEC reduces output

Oil prices surged as much as 8% at the open after OPEC+ announced it was slashing output by 1.16 million barrels per day. Brent crude...
News

Gold price falls as Fed hike odds rise on Opec+ oil output cut

Gold prices slid on Monday after a surprise announcement from OPEC+ about a cut to oil output sparked inflation concerns and raised bets of...
Business

BoG: Capping fuel prices wrong policy

To minimize the strain on the budget, the country should work toward a complete cost recovery, according to the Governor of the Bank of...
Business

Petrol price rise warning after Opec oil output cut

Some of the world's top oil-producing countries have agreed to cut the amount they export in a decision expected to raise petrol prices around...
World

White House: Biden’s Saudi trip wasn’t a waste as he lambastes OPEC+’s ‘shortsighted’ decision to cut oil output

President Joe Biden is “disappointed” that  the Saudi-led OPEC+ oil cartel agreed to cut output by 2 million barrels per day, the White House...
Business

OPEC+ agrees 10m barrels of oil per day cut

The Organization of the Petroleum Exporting Countries and its allies, a group known as OPEC+, have agreed to cut oil output by 10 million...

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