OPEC is said to debate output hike of 300,000 to 600,000 B/D
OPEC members are discussing a compromise agreement that would see an oil production increase of between 300,000 and 600,000 barrels a day over the next few months, according to people briefed on the talks.
Saudi oil chief faces toughest test at OPEC meeting this week
Saudi Arabian Energy Minister Khalid Al-Falih may face his toughest test this week when the Organization of Petroleum Exporting Countries holds what’s likely to be its most difficult meeting in years.
Oil falls as Saudi-Russia output revival plan riles markets
Oil in New York is experiencing its longest run of losses since February as Saudi Arabia and Russia said OPEC partners plan to make up for potential output losses from other members.
Saudi-Russia oil policy shift
Oil is heading for its longest run of losses in almost four months as Saudi Arabia and Russia discuss reviving output. That comes as they aim to ease consumer anxiety after prices jumped to levels last seen in 2014.
Egyptian worker remittances rise
Credit Suisse Head of Middle East Research Fahd Iqbal discusses Egyptian wage growth, oil prices and Saudi Arabian debt.
The possibility of oil at $100 in 2019
Bloomberg’s Will Kennedy discusses the outlook for the price of oil. He speaks with Guy Johnson on “Bloomberg Markets: European Open.”
Oil hits fresh highs
Analysts say that the Nigerian Stock Exchange and oil prices have had a positive correlation for the past 5 years. With oil prices hitting fresh highs after U.S president Donald Trump pulled out of the Iran Nuclear deal, could this be the catalyst to a change in the choppy trading we've seen over the past month? Gbite Oduneye, founder and CEO of A&O Acquisitions joins CNBC Africa to answer this question.
Oil spill disaster threatens local fishermen
An oil spill incident in the Balikpapan Bay, south-east of the Indonesian island of Borneo, forced local fishermen to halt their practice.
Oil tops $75, highest since 2014
Brent crude oil rises for a sixth day to hit its highest since November 2014 at over $75 a barrel, buoyed by expectations that supplies will tighten as demand reaches record levels.
Buhari departs for London
According to a statement by the Special Assistant to the President on Media and Publicity, Garba Shehu, “The President will also meet the Chief Executive Officer of Royal Dutch Plc, Ben van Beurden in connection with Shell and other partners’ plan to invest $15b in Nigeria’s oil industry.”