Wednesday, 1st February 2023
<To guardian.ng
Search

Why are markets skeptical about OPEC deal?

By Bloomberg
19 December 2016   |   12:00 pm
Amrita Sen, chief oil analyst at Energy Aspects, discusses BP's 10% stake in Abu Dhabi's ADCO oil concession, the OPEC oil production cuts and the oil-U.S. dollar correlation.

Related

7 Jul 2021
The price of oil has hit its highest level in three years after the oil cartel OPEC and its allies called off planned talks on Monday over changes to global supplies. Russia and Saudi Arabia had been pushing to increase production after last year's supply cuts, but the United Arab Emirates disagreed. News that the virtual meeting had been abandoned sent oil prices higher in early trading on Tuesday. Also today, we look at how a shortage of rental cars is impacting holidaymakers in France.
9 Jul 2021
The former president claims the companies have unfairly censored him and other conservatives. A tech industry trade group called the class action lawsuit "frivolous."
4 Jan 2022
Trump's two eldest children Donald Trump Jr. and Ivanka have also been summoned to testify in an investigation into the family's business practices.
3 Mar 2022
A US House committee says former President Trump engaged in a "criminal conspiracy." The claim outlined an attempt to prevent the certification of Biden's win.
25 Apr 2022
Former U.S. President Donald Trump said Britain's Prince Harry was 'whipped like no person' he has ever seen. In a clip from an interview shot earlier this month with British television presenter Piers Morgan on April 11 at the Mar-a-Lago resort, Trump said he had never been a fan of Meghan Markle adding 'poor Harry is being led around by his nose.'
30 Apr 2022
The former US president has been fined $10,000 per day until he complies with a New York court order to turn over documents as part of an investigation into his business practices.
29 Apr 2022
After Elon Musk's $44 billion bid to buy Twitter was accepted, rumours exploded on social media, claiming that Musk had reinstated former US president Donald Trump on the platform. However, Trump's Twitter account is still suspended. Meanwhile, in the Johnny Depp and Amber Heard defamation trial, Heard's legal team is getting grilled in the court of public opinion over... makeup claims. We tell you more in this edition of Truth or Fake.
29 Jun 2022
The former US president allegedly tried to grab the steering wheel in a limo after being told he could not join his supporters. A secret service agent was forced to restrain him, according to the testimony.
8 Jul 2022
OPEC's Secretary-General Mohammad Barkindo has died, Mele Kyari, the chief executive of Nigerian National Petroleum Corp said on Wednesday.
16 Jul 2022
US lawmakers accused Donald Trump of inciting a mob to attack the US Capitol in a last-ditch effort to remain in power. The January 6 committee said Trump aides knew he would call for a march on the Capitol.
25 Jul 2022
The congressional committee probing the January 6 riot at the US Capitol has held eight hearings with explosive testimony. But it all might not be enough for prosecutors to charge the former president.
28 Jul 2022
The president highlighted his predecessor's decision to just sit and watch for "three hours" while the events at the US Capitol unfolded. Biden said Trump's "lies" emboldened "the crazed mob."