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.
Oil Ministers react to Trump tweet at OPEC in Vienna
Oil Ministers from Iran, Russia and the UAE gathered in Vienna for the OPEC+ meeting react to U.S. President Donald Trump’s tweet on Friday. Trump said on Twitter: “Hope OPEC will increase output substantially. Need to keep prices down!”
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 energy minister sees need for a global oil alliance
OPEC and Russia reaffirmed that they’ll persevere with oil-production cuts until the end of the year to clear a global glut and signalled their readiness to cooperate beyond that.
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.
OPEC: No decision till January
OPEC and Non-OPEC members met on Friday and concluded that oil producers are clearing a glut that has weighed on crude prices for three years and may wait until January before deciding whether to extend their output curbs beyond the first quarter.
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.
UAE energy minister: OPEC to do 'what it takes'
United Arab Emirates Energy Minister Suhail Al-Mazrouei speaks with Bloomberg's Manus Cranny about support among OPEC nations to extend oil production cuts and stabilise the global oil market.