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Tag "Organisation of Petroleum Exporting Countries (OPEC)"

US calls on OPEC+ to increase production to crash oil prices

    US calls on OPEC+ to increase production to crash oil prices

The United States has called on the Organisation of Petroleum Exporting Countries and its allies known as OPEC+ to increase oil production to tackle rising gasoline prices. In a statement

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Crude oil hits $68 as Goldman Sachs projects prices may rise to $80 by Q3

    Crude oil hits $68 as Goldman Sachs projects prices may rise to $80 by Q3

The price of Brent crude, against which Nigeria’s crude oil is priced, has risen to $68.03 per barrel following the decision of the Organisation of Petroleum Exporting Countries (OPEC) to

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OPEC: Nigeria’s daily oil production fell to1.17m barrels in December

    OPEC: Nigeria’s daily oil production fell to1.17m barrels in December

The Organisation of Petroleum Exporting Countries (OPEC) says Nigeria’s daily crude oil production fell to 1.17 million barrels in December 2020. According to the January Monthly Oil Market report, this

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OPEC cuts: Nigeria to reduce daily crude oil production by 313k barrels

    OPEC cuts: Nigeria to reduce daily crude oil production by 313k barrels

Nigeria has agreed to voluntarily cut its daily crude oil production by 939,000 barrels between January and March. This is according to a voluntary production cuts document published by the

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OPEC: Nigeria’s crude oil export earnings rebounded by 116% in November 2020

  OPEC: Nigeria’s crude oil export earnings rebounded by 116% in November 2020

The Organisation of Petroleum Exporting Countries (OPEC) says Nigeria’s crude oil export earnings recorded a rebound of 116 percent in

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OPEC world oil outlook in focus

  OPEC world oil outlook in focus

One of the most anticipated publications that influence oil prices will be released this afternoon. Published once a year by

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Goldman Sachs: OPEC deal insufficient to offset demand loss

  Goldman Sachs: OPEC deal insufficient to offset demand loss

Goldman Sachs, a multinational investment bank, says the new crude oil supply cut is not enough to offset the demand

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In 10 months, CBN ‘has pumped $3.6bn’ into forex market

  In 10 months, CBN ‘has pumped $3.6bn’ into forex market

The Central Bank of Nigeria (CBN) has reportedly injected $3.6bn into the forex market since February. NAN reports that the

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OPEC extends oil production cuts to end of 2018

  OPEC extends oil production cuts to end of 2018

Members of the Organisation of Petroleum Exporting Countries (OPEC) have agreed to extend oil production cuts to the end of

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Oil prices end gain streak, drop to $61

  Oil prices end gain streak, drop to $61

The recent gains recorded by global oil prices have slipped as the commodity has lost more than $2 in seven

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