Oil steadies on U.S. crude stock drawdown, OPEC+ output hikes delay:
Oil prices edged up in early trading on Friday as investors weighed a big withdrawal from U ...
reuters.com/business/energy/oil-steadies-us-crude-stock-drawdown-opec-output-hikes-delay-2024-09-06/
Story Details
| Last Updated | Sep 06 |
| Total Articles | 7 |
Oil prices hold at 14-month low as demand worries offset big US storage withdrawal
reuters.com/business/energy/oil-steady-investors-weigh-weak-demand-potential-delay-opec-output-hike-2024-09-05/
Daily Sabah Sep 06
OPEC+ agrees to delay October oil output hike for 2 months: The OPEC+ group of oil-producing nations said Thursday it agreed to delay a planned oil output ...
dailysabah.com/business/energy/opec-agrees-to-delay-october-oil-output-hike-for-2-months
Gulf Today Sep 05
OPEC+ nearing agreement to delay oil output hike, sources say: OPEC+ is nearing an agreement to delay a planned October oil output increase after crude prices ...
gulftoday.ae/business/2024/09/05/opec-nearing-agreement-to-delay-oil-output-hike-sources-say
OPEC+ agrees to delay October output hike for two months, sources say: OPEC+ has agreed to delay a planned October oil output increase for October and November ...
reuters.com/business/energy/opec-agrees-delay-october-output-hike-two-months-sources-say-2024-09-05/
OPEC+ agrees to delay October oil output hike for two months, sources say: OPEC+ has agreed to delay a planned oil output increase for October and November after ...
reuters.com/markets/commodities/opec-nearing-agreement-delay-oil-output-hike-sources-say-2024-09-05/
More articles on this subject
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Oil prices hold at 14-month low as demand worries offset big US storage withdrawal
reuters.com/business/energy/oil-steady-investors-weigh-weak-demand-potential-delay-opec-output-hike-2024-09-05/
Daily Sabah Sep 06
OPEC+ agrees to delay October oil output hike for 2 months: The OPEC+ group of oil-producing nations said Thursday it agreed to delay a planned oil output ...
dailysabah.com/business/energy/opec-agrees-to-delay-october-oil-output-hike-for-2-months
Gulf Today Sep 05
OPEC+ nearing agreement to delay oil output hike, sources say: OPEC+ is nearing an agreement to delay a planned October oil output increase after crude prices ...
gulftoday.ae/business/2024/09/05/opec-nearing-agreement-to-delay-oil-output-hike-sources-say
OPEC+ agrees to delay October output hike for two months, sources say: OPEC+ has agreed to delay a planned October oil output increase for October and November ...
reuters.com/business/energy/opec-agrees-delay-october-output-hike-two-months-sources-say-2024-09-05/
OPEC+ agrees to delay October oil output hike for two months, sources say: OPEC+ has agreed to delay a planned oil output increase for October and November after ...
reuters.com/markets/commodities/opec-nearing-agreement-delay-oil-output-hike-sources-say-2024-09-05/
Trump's low oil price promise is a risk and a boon for emerging markets
reuters.com/business/energy/trumps-low-oil-price-promise-is-risk-boon-emerging-markets-2024-12-02/
The Case for Engagement With Venezuela: Maximum Pressure Will Only Strengthen Maduro
foreignaffairs.com/venezuela/case-engagement-venezuela
Countries fail to reach agreement in UN plastic talks: Countries negotiating a global treaty to curb plastic pollution have failed to reach agreement ...
cnn.com/2024/12/01/world/plastic-talks-un-fail-intl-latam/
Quick Glance: Global Agreement on Plastic Reduction Fails
- Over 200 nations failed to reach an agreement in South Korea to combat plastic pollution.
- Deep divisions persisted between nearly 100 countries advocating for a phase-out of plastic and oil-producing nations opposing it.
- Negotiations collapsed due to critical issues, particularly regarding commitments to reduce plastic production.
- Environmental groups expressed disappointment over the fossil fuel industry's influence and urged the 95 supportive countries to pursue their own treaty.
OPEC+ Pause Earns Low-Key Response From Banks as Oil Concerns Linger: The move by OPEC+ to delay a revival of supply to April will pare global oil output next ...
bloomberg.com/news/articles/2024-12-06/opec-pause-earns-low-key-response-from-banks-as-concerns-linger
Paid articlePaywall
Quick Glance: OPEC+ Production Cuts Extended Through March 2025
- Saudi Arabia and seven other OPEC+ countries have decided to extend their oil production cuts for three months until the end of March 2025.
- The group will maintain its additional voluntary adjustments of 2.2 million barrels per day until March 2025, gradually phasing them out by September 2026.
- These actions aim to support the stability and balance of oil markets.
- Overproducing countries have been requested to update and submit their compensation plans by the end of December 2024.
Saudi Arabia Cuts Oil Prices After OPEC+ Delays Reviving Output: Saudi Arabia is cutting oil prices for buyers in Asia by more than expected after OPEC+ further ...
bloomberg.com/news/articles/2024-12-08/saudi-arabia-cuts-oil-prices-after-opec-delays-reviving-output
Paid articlePaywall
t.me 2h
Anti-bunkering operations boost oil production, economy — Army: Our anti-bunkering operations have also reduced oil theft to the barest minimum in the state and ...
punchng.com/anti-bunkering-operations-boost-oil-production-economy-army/
World needs 2-fold increase in oil production to meet demand, says Rosneft CEO - News | Khaleej Times
khaleejtimes.com/business/energy/world-needs-2-fold-increase-in-oil-production-to-meet-demand-says-rosneft-ceo
t.me 8h
NDDC inaugurates road, electricity projects: The Niger Delta Development Commission has inaugurated five road and electricity projects within its mandate states ...
punchng.com/nddc-inaugurates-road-electricity-projects/
Port Harcourt Refinery operating at 70% capacity – NNPC: The NNPC Ltd said the refinery began truckloading petroleum products on Tuesday, 26 November.
premiumtimesng.com/news/top-news/757174-port-harcourt-refinery-operating-at-70-capacity-nnpc.html
PETROAN, Dangote, sign petrol purchase agreement: The association also called on stakeholders in the downstream sector to support the management of NNPC Retail ...
premiumtimesng.com/business/business-news/759716-petroan-dangote-sign-petrol-purchase-agreement.html
t.me Dec 07
Nigeria’s trade surplus hits N5tn: Nigeria has recorded a trade surplus of N5.81tn in the third quarter of 2024, reflecting a remarkable rise in export earnings ...
punchng.com/nigerias-trade-surplus-hits-n5tn/
t.me Dec 07
45,689 jostle for NNPCL jobs as recruitment aptitude test begins: No fewer than 45,689 applicants are on Saturday, (today) taking part in a Computer-Based ...
punchng.com/45689-jostle-for-nnpcl-jobs-as-recruitment-aptitude-test-begins/
t.me Dec 06
NNPC pledges to reduce Methane emissions by 60%: The Nigerian National Petroleum Company Limited has reaffirmed its commitment to reducing methane emissions in ...
punchng.com/nnpc-pledges-to-reduce-methane-emissions-by-60/
Oil Prices Dip as OPEC+ Delays Production Cuts: The global oil market witnessed a downturn as crude prices fell for the third consecutive day ...
riotimesonline.com/oil-prices-dip-as-opec-delays-production-cuts/
Brazil’s Financial Morning Call for December 6, 2024: As trading begins this Friday, markets are poised to digest key economic indicators that could set the tone ...
riotimesonline.com/brazils-financial-morning-call-for-december-6-2024/
Trump's return may bring stability to oil markets: Vandana Hari is founder of Vanda Insights, a Singapore-based global energy market intelligence provider ...
asia.nikkei.com/Opinion/Trump-s-return-may-bring-stability-to-oil-markets
BMI lowers 2025 Brent crude annual average price to US$76 per barrel: KUALA LUMPUR: BMI, a unit of Fitch Solutions, revised downward its annual average of US$76 ...
thestar.com.my/business/business-news/2024/12/06/bmi-lowers-2025-brent-crude-annual-average-price-to-us76-per-barrel
Latest Oil Market News and Analysis for Dec. 5: Oil prices struggled for direction with traders looking ahead to an OPEC+ meeting on Thursday that’s expected to ...
bloomberg.com/news/articles/2024-12-04/latest-oil-market-news-and-analysis-for-dec-5
Paid articlePaywallLatest Oil Market News and Analysis for December 6: Oil traded little changed after OPEC+ delayed the incremental revival of shuttered production by another ...
bloomberg.com/news/articles/2024-12-05/latest-oil-market-news-and-analysis-for-december-6
Paid articlePaywall NNPC insists Port Harcourt Refinery operational: The refinery’s operational status has been a subject of controversy, with some expressing scepticism about its ...
premiumtimesng.com/business/business-news/759247-nnpc-insists-port-harcourt-refinery-operational.html
Prio Partners with Equinor in $1.91 Billion Oil Deal: Prio has successfully acquired a 40% stake in the Peregrino and Pitangola oil fields for approximately $1 ...
riotimesonline.com/prio-partners-with-equinor-in-1-91-billion-oil-deal/
Kuwait Times Dec 05
Cabinet directs ministries to follow up on deals with China | Kuwait Times Newspaper
kuwaittimes.com/article/21972/kuwait/other-news/cabinet-directs-ministries-to-follow-up-on-deals-with-china/
Libya Daily Oil Output Hits 11-Year High, Highlighting Rebound: Libya’s oil production has risen to the highest daily level in more than a decade ...
bloomberg.com/news/articles/2024-12-05/libya-daily-oil-output-hits-11-year-high-highlighting-rebound
Paid articlePaywall t.me Dec 05
OPEC ministers meet to stabilise oil market: The 38th meeting of the Joint Ministerial Monitoring Committee of the Organisation of the Petroleum Exporting ...
punchng.com/opec-ministers-meet-to-stabilise-oil-market/
Nigeria's Renewed Crackdown On Oil Theft Shows Impact: Nigerian security operatives recently recovered 1.2 million liters of stolen oil, destroyed scores of ...
allafrica.com/stories/202412050041.html
Khaleej Times Dec 05
UAE Operation 300 billion: Industrial sector's contribution reaches Dh205 billion - News | Khaleej Times
khaleejtimes.com/business/uae-operation-300-billion-industrial-sectors-contribution-reaches-dh205-billion
Is New Zealand – and the world – doing enough to tackle the plastic problem?: There’s plastic everywhere, and efforts to reduce it are limited by the power of ...
thespinoff.co.nz/science/05-12-2024/is-new-zealand-and-the-world-doing-enough-to-tackle-the-plastic-problem
UPDATED: Senate approves 2025-2027 MTEF with new borrowing plan of ₦9.22 trillion
premiumtimesng.com/news/headlines/758671-updated-senate-approves-2025-2027-mtef-with-new-borrowing-plan-of-₦9-22-trillion.html
Colorado outpaces California in EV market share: Report: Welcome to The Hill’s Sustainability newsletter {beacon} Sustainability Sustainability The Big Story ...
thehill.com/newsletters/sustainability/5022613-colorado-outpaces-california-in-ev-market-share/
OPEC+ Dilemma and Trump Uncertainty Keep Oil Volatility Sliding: With OPEC+ set to make a pivotal decision on production policy, oil prices remain resolutely ...
bloomberg.com/news/articles/2024-12-04/opec-dilemma-and-trump-uncertainty-keep-oil-volatility-sliding
Paid articlePaywall t.me Dec 05
Nigeria has nothing to lose from IOC divestments – Minister: The Minister of States for Petroleum Resources (Oil) Heineken Lokpobiri, says the Federal Government ...
punchng.com/nigeria-has-nothing-to-lose-from-ioc-divestments-minister/
t.me Dec 05
Expert urges transition from crude to hydrogen fuel: A Nigerian energy expert from the University of Chinese Academy of Sciences, Joshua Bolarin ...
punchng.com/expert-urges-transition-from-crude-to-hydrogen-fuel/
Akpabio threatens to sack non-performing Senate committee chairmen: Mr Akpabio also directed all standing committees to submit their reports on oversight by ...
premiumtimesng.com/news/top-news/758851-akpabio-threatens-to-sack-non-performing-senate-committee-chairmen.html
Oil prices edge up on geopolitical tensions, OPEC+ supply plans
reuters.com/markets/commodities/oil-steady-markets-weigh-higher-us-stockpiles-opec-supply-plans-2024-12-04/
Oil Prices Dip 2% as OPEC+ Meeting Approaches: The global oil market witnessed a significant shift on December 4, 2024. Crude prices retreated ...
riotimesonline.com/oil-prices-dip-2-as-opec-meeting-approaches/
Kazakhstan increasing oil exports, expanding its presence in European energy market
euractiv.com/section/eet/news/kazakhstan-increasing-oil-exports-expanding-its-presence-in-european-energy-market/
t.me Dec 04
P’Harcourt refinery won’t reduce petrol price, says PENGASSAN: The Petroleum and Natural Gas Senior Staff Association of Nigeria has confirmed that the Port ...
punchng.com/pharcourt-refinery-wont-reduce-petrol-price-says-pengassan/
Oil Prices Surge as Dollar Weakens and OPEC+ Meeting Looms: The oil market witnessed a significant upturn as crude prices climbed over 2% on Tuesday ...
riotimesonline.com/oil-prices-surge-as-dollar-weakens-and-opec-meeting-looms/
US deepens sanctions on Iran’s ‘shadow’ oil fleet: The Biden administration on Tuesday ramped up its sanctions on Iran, targeting 35 entities and vessels that it ...
english.alarabiya.net/News/world/2024/12/03/us-deepens-sanctions-on-iran-s-shadow-oil-fleet
Rivera sues witness in case accusing ex- congressman of being a secret agent for Venezuela
miamiherald.com/news/local/crime/article295450929.html
Nigerian Content level hits 56% as ministers, stakeholders hail NCDMB on developmental initiatives
premiumtimesng.com/promoted/759023-nigerian-content-level-hits-56-as-ministers-stakeholders-hail-ncdmb-on-developmental-initiatives.html
US expands sanctions against Iran's 'shadow fleet' : The United States sanctioned 35 companies and ships Tuesday it accused of being involved in ...
wionews.com/world/us-expands-sanctions-against-irans-shadow-fleet-781362
Will OPEC+ need major strategy rethink if Trump does hike tariffs?: If US hikes tariffs on Canada, Mexico, it will add to competition in oil markets
gulfnews.com/business/analysis/will-opec-need-major-strategy-rethink-if-trump-does-hike-tariffs-1.1733294394495
t.me Dec 04
Cooking gas dealers urge customers to monitor refills: The Liquefied Petroleum Gas Retailers Association of Nigeria has called on consumers to actively monitor ...
punchng.com/cooking-gas-dealers-urge-customers-to-monitor-refills/
t.me Dec 04
Economists challenge N1400/$ benchmark in 2025 budget: Economists and financial market analysts have dismissed the Medium Term Expenditure Framework which ...
punchng.com/economists-challenge-n1400-benchmark-in-2025-budget/
The Globe and Mail Dec 03
OPEC oil output up in November as Libya again posts largest increase, survey finds
theglobeandmail.com/business/industry-news/energy-and-resources/article-opec-oil-output-up-in-november-as-libya-again-posts-largest-increase/
Senate considers probing Port Harcourt refinery operation: Senate President Godswill Akpabio said some recent news about the refinery, after it resumed ...
premiumtimesng.com/news/more-news/758829-senate-considers-probing-port-harcourt-refinery-operation.html
t.me Dec 03
PENGASSAN plans showdown with oil firms hiring expatriates: The President of the PENGASSAN, Festus Osifo, has stated that the association is preparing for a ...
punchng.com/pengassan-plans-showdown-with-oil-firms-hiring-expatriates/
OPEC+ Is Firming Up Deal for Three-Month Delay to Output Hike: OPEC+ is making progress toward an agreement to delay its oil-production revival by another three ...
bloomberg.com/news/articles/2024-12-03/opec-is-firming-up-deal-for-three-month-delay-to-output-hike
Paid articlePaywall t.me Dec 02
Navy pledges zero tolerance for indiscipline, corruption: The Nigerian Navy has declared zero tolerance for indiscipline and corrupt practices among its senior ...
punchng.com/navy-pledges-zero-tolerance-for-indiscipline-corruption/
Daily Sabah Dec 02
Türkiye set to declare road map against desertification at COP16: Environment, Urban Planning and Climate Change Minister Murat Kurum will unveil Türkiye’s ...
dailysabah.com/politics/turkiye-set-to-declare-road-map-against-desertification-at-cop16/news
t.me Dec 03
Nigeria, others need $100 oil to balance budgets – Report: Emerging economies that produce oil, like Nigeria, Angola and Ecuador, need prices to be around $100 ...
punchng.com/nigeria-others-need-100-oil-to-balance-budgets-report/
t.me Nov 30
P’Harcourt refinery halts operations, loading bay empty: A visit by Saturday PUNCH to the Port Harcourt refinery on Friday revealed that there was no activity on ...
punchng.com/pharcourt-refinery-halts-operations-loading-bay-empty/
t.me Dec 02
Tax reform bill, product of 14-month work, Presidency replies critics: The presidency noted that the tax reform bill is the result of contributions from over 80 ...
punchng.com/tax-reform-bill-product-of-14-month-work-presidency-replies-critics/
t.me Nov 30
Army bows to pressure, frees detained journalist, Soyombo: Following outcry over the arrest and detention of investigative journalist, Fisayo Soyombo ...
punchng.com/army-bows-to-pressure-frees-detained-journalist-soyombo/
Hopes that Biden's Angola trip may help lower pressure on oil markets: US President Joe Biden is visiting oil-abundant Angola for a three-day trip ...
euronews.com/business/2024/12/02/hopes-that-bidens-angola-trip-may-help-lower-pressure-on-oil-markets
Swiss corruption case involving Trafigura and former executive opens: Trafigura and three other defendants including a former board member go on trial over the ...
reuters.com/business/energy/swiss-corruption-case-involving-trafigura-former-executive-opens-2024-12-02/
t.me Dec 02
Sunmonu delivers UNILAG alumni anniversary lecture: The University of Lagos Alumni Association will mark its 55th anniversary with a public lecture to be ...
punchng.com/sunmonu-delivers-unilag-alumni-anniversary-lecture/
t.me Dec 01
PH refinery: Low-key operation begins, marketers oppose N1,030/litre: The Port Harcourt Refining Company has clarified that its operations were not completely ...
punchng.com/ph-refinery-low-key-operation-begins-marketers-oppose-n1030-litre/
UN plastics treaty talks fail after oil producers block production limits: Discussions postponed on curbs as Saudi Arabia and Russia frustrate multilateral ...
ft.com/content/737b609d-d660-4f91-a016-740d9c476642
Khaleej Times Dec 01
UAE to lead GCC region in GDP growth in 2024, 2025 - News | Khaleej Times: The UAE remains the main regional destination of FDI inflows, attracting about $30 ...
khaleejtimes.com/business/uae-to-lead-gcc-region-in-gdp-growth-in-2024-2025
Daniel DePetris: Donald Trump shouldn’t return to maximum pressure on Iran: Iran has expanded its nuclear program since Donald Trump withdrew from the deal in ...
chicagotribune.com/2024/11/26/column-iran-donald-trump-depetris/
FIJ NG Nov 30
Fisayo Soyombo’s Words on How, Why Army Held Him Incommunicado for 3 Days: For three days, the 6th Amphibious Division of the Nigerian Army based in Port ...
fij.ng/article/fisayo-soyombos-words-on-how-why-army-held-him-incommunicado-for-3-days/
thedailystar.net Nov 29
Saudi Arabia hosts UN talks on drought, desertification: Saudi Arabia will host the COP16 UN conference on land degradation and desertification next week as the ...
thedailystar.net/news/world/news/saudi-arabia-hosts-un-talks-drought-desertification-3764436
UAE petrol prices to fall in December: Diesel price to go up, reflecting movements in the global oil market
thenationalnews.com/business/energy/2024/11/30/uae-petrol-prices-to-fall-in-december/
The Globe and Mail Nov 28
OPEC+ postpones oil output policy meeting to Dec. 5: A summit of Gulf Arab countries is due to be held in Kuwait City on Dec. 1, which several OPEC+ ministers ...
theglobeandmail.com/business/industry-news/energy-and-resources/article-opec-postpones-oil-output-policy-meeting-to-dec-5/
Port Harcourt refinery yet to commence bulk sales – NNPC: The NNPC advised the public to disregard any misleading information regarding pricing ...
premiumtimesng.com/business/business-news/757949-port-harcourt-refinery-yet-to-commence-bulk-sales-nnpc.html
t.me Nov 29
NNPCL still selling Dangote refinery’s fuel — Official: The Port Harcourt Refining Company has not yet commenced bulk sales or opened its purchase portal ...
punchng.com/nnpcl-still-selling-dangote-refinerys-fuel-official/
Brent Crude Falls Over 3% Weekly Amid Geopolitical Tensions: Oil prices faced a notable decline on November 29, 2024, driven by easing supply concerns following ...
riotimesonline.com/brent-crude-falls-over-3-weekly-amid-geopolitical-tensions/
Neom is a '50-plus-year plan,' says Saudi Arabia's finance minister: Neom is a long-term project, rather than one expected to be "making money in five years ...
businessinsider.com/neom-saudi-arabia-economy-budget-deficit-progress-2024-11
Mukesh Ambani: India's Richest Man Strengthens His Lead - Forbes India: Mukesh Ambani has created India's largest profit-generating company with three ...
forbesindia.com/article/billionaires/mukesh-ambani-indias-richest-man-strengthens-his-lead/94730/1
Quick Glance: Mukesh Ambani Solidifies Wealth in India
- Mukesh Ambani maintains the top position on the Forbes India Rich List with a net worth of $119.5 billion.
- Reliance Industries, valued at ₹17.05 lakh crore, demonstrates strong operational performance as India's most valuable company.
- Potential public market offerings for retail and telecom sectors could unlock new growth and value.
- Ambani's businesses enjoy stable cash flows, with investors benefitting from increasing dividend payouts.
t.me Nov 29
Stakeholders advocate diversification to reduce oil dependence: Stakeholders have urged the Federal Government to diversify its revenue sources to lessen the ...
punchng.com/stakeholders-advocate-diversification-to-reduce-oil-dependence/
t.me Nov 29
FG approves licence for 27,000 barrels refinery: The Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority ...
punchng.com/fg-approves-licence-for-27000-barrels-refinery/
Oil Prices Edge Up as OPEC+ Meeting Postponed: The oil market saw a slight uptick on Thursday, breaking a three-day losing streak. This shift came as the ...
riotimesonline.com/oil-prices-edge-up-as-opec-meeting-postponed/
t.me Nov 28
FG, France restate commitment to Gulf of Guinea security: In his remarks, the Chief of the French Navy, Admiral Nicolas Vaujour, said the sea was not only a ...
punchng.com/fg-france-restate-commitment-to-gulf-of-guinea-security/
Opec+ delays key decision on production cuts : Meeting pushed back by four days amid discussions over compliance with existing quotas
ft.com/content/40c81d88-c200-4f10-88a9-cd08afdd1562
Oil rises as Israel-Hezbollah ceasefire violated, OPEC+ delays meeting: Oil prices rose nearly 1% Thursday after Israel reported ceasefire breaches with ...
euronews.com/business/2024/11/28/oil-rises-as-israel-hezbollah-ceasefire-violated-opec-delays-meeting
t.me Nov 28
Delta monarch condemns attack on Chevron’s pipelines: The Olu of Warri, Ogiame Atuwatse III, has condemned the action of some yet-to-be-identified persons who ...
punchng.com/delta-monarch-condemns-attack-on-chevrons-pipelines/
t.me Nov 28
Non-oil exports key to economic stability – MAN: ...the Manufacturers Association of Nigeria has advocated for Nigeria to focus on non-oil exports to drive ...
punchng.com/non-oil-exports-key-to-economic-stability-man/
With Citgo share auction in shambles, US court readies plan to start over
reuters.com/markets/commodities/with-citgo-share-auction-shambles-us-court-readies-plan-start-over-2024-11-27/
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