OPEC and its allies will not hold their emergency virtual meeting on Monday and will likely postpone it until April 8 or 9 to allow more time for negotiations among oil producers on crude supply cuts, two OPEC sources said on Saturday. Reuters
Some financial experts on Sunday called on the Central Bank of Nigeria (CBN) to ensure continuous liquidity in the foreign exchange market to sustained the bullish trend on the Nigerian Stock Exchange (NSE). They told the News Agency of Nigeria (NAN) in separate interviews in Lagos that the current rally on the stock market could […]
Market participants were now looking ahead for OPEC’S Monthly Oil Market Report due on Thursday and the International Energy Agency’s Short-term Energy Market Outlook due for release on Friday. At 10:50 am Singapore time (0250 GMT), ICE Brent August futures dipped 9 cents/b (0.15%) from Wednesday’s settle at $59.88/b, while the NYMEX July light sweet […]
Oil fell Thursday a week ahead of an OPEC meeting where the cartel could reverse coordinated supply cuts that have propped up prices over the past two years. Brent, the international benchmark, was down 2.95% to $74.64 a barrel per 11 a.m. ET. WTI shed 3.04% to $64.96 a barrel. Saudi Arabia, the unofficial head […]