OPEC considers 2019 production cuts
The stormy oil market could have OPEC about to perform another production U-turn. The cartel has signaled it will consider a return to cutting output in 2019. With prices falling in the face of a shale surge, OPEC will discuss a change of course in Abu Dhabi this weekend.
Understanding global oil supply dynamics
OPEC and its allies are still searching for a consensus on how to equitably distribute the extra barrels they intend to pump. Kola Karim, Chairman of Shoreline Group joins CNBC Africa to discuss what to expect.
OPEC strikes deal to raise production next month
OPEC and its allies reach a deal to raise oil production starting next month. Bloomberg TV spoke to OPEC ministers including the Saudi Oil Minister Al-Falih on the sidelines of the OPEC seminar in Vienna.
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.
Nigeria's Kachikwu on oil, OPEC cuts, prices
Nigeria Petroleum Minister Emmanuel Kachikwu discusses the possibility of a 9-month extension for OPEC, the hardest part of the discussions, Nigeria's contribution to the production cut and his outlook for prices.
OPEC's battle with U.S. shale nears day of reckoning
The clash between OPEC and America’s oil industry is reaching a day of reckoning.
Nigeria confirms ready to cut oil output
One of the news flows from today's OPEC meeting in Russia is that Nigeria has voluntarily committed to limit its oil output at 1.8 million barrels per day.
Nigeria signals willingness to cap oil production
Nigeria signalled its willingness to cap its oil production to support OPEC’s efforts to ease a global supply glut.