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Secretary-General of OPEC, Mr. Mohammed Barkindo

OPEC: Factors beyond producers’ control are impacting oil market

OPEC Secretary-General, Mohammad Barkindo, said on Thursday that there are many non-fundamental factors influencing the oil market that are beyond oil producers’ control.

IMF warns Nigeria not to delay reforms over high oil prices

The International Monetary Fund (IMF) has warned Nigeria and other oil exporting nations in dire need of structural reforms not to be tempted to delay the exercise due to the current higher oil prices.

Oil prices rise as Iran’s crude exports fall

Oil prices rose on Tuesday on growing evidence of falling crude exports from Iran, OPEC’s third-largest producer, before the imposition of new U.S. sanctions and a partial shutdown in the Gulf of Mexico due to Hurricane Michael.
Dollar

Dollar rally moves to Asia after US data but stocks tumble

The dollar continued to brush aside other currencies Thursday after further proof of the booming US economy sent Treasury yields surging, but Asian equities sank with more Federal Reserve rate hikes looking certain.

Oil prices rise towards $90 as Iran sanctions loom

Oil traded above 85 dollars a barrel on Wednesday, supported by expectations that U.S. sanctions on Iran will tighten supply and strain the ability of Saudi Arabia and other producers to pump more.

Iran’s supply shortfall jacks up oil prices

Oil prices rose by nearly 1 percent on Thursday, driven by the prospect of a shortfall in global supply once U.S. sanctions against major crude exporter Iran come into force in just five weeks’ time.

Oil price rises as markets tighten ahead of Iran sanctions

Oil prices rose on Monday as U.S. markets tightened just weeks ahead of Washington’s plan to impose new sanctions against Iran.
Organisation of Petroleum Exporting Countries (OPEC) | Reuters

Oil price up as Donald Trump calls OPEC to lower prices

Oil prices were mixed on Friday after falling in the previous session as US President Donald Trump urged the Organisation of Petroleum Exporting Countries to lower crude prices ahead of its meeting in Algeria this weekend.
A man walks past a stock indicator showing share prices on the Tokyo Stock Exchange in Tokyo on July 13, 2018. Tokyo stocks opened higher on July 13 helped by a cheaper yen and rebounds on US markets. - AFP PHOTO - Kazuhiro NOGI

Markets hit by fears of fresh Donald Trump tariffs on China

Asian markets sank on Monday following reports that Donald Trump is planning to hit China with another round of tariffs, dealing a blow to hopes for talks between the two economic giants.
Pedestrians walk past the electronics stock indicator at the window of a security company in Tokyo on March 2, 2018. Tokyo stocks opened lower on March 2, taking a negative lead from Wall Street where shares tumbled after President Donald Trump vowed to enact steep tariffs on steel and aluminium imports, reviving fears of a trade war. / AFP PHOTO / Toshifumi KITAMURA

Asian markets sink on fresh trade fears after Donald Trump remarks

Hong Kong and Shanghai led a broad sell-off across most Asian markets Monday after Donald Trump threatened to impose tariffs on all Chinese imports, ramping up fears of an all-out trade war between the world's top two economies.

Oil approximately $74 on report of US inventory drop, Iran sanctions

Brent oil rose to approximately 74 dollars a barrel on Wednesday as an industry report showing a drop in U.S. crude inventories and U.S. sanctions on OPEC producer, Iran, pointed to tighter supplies.

Dollar dented by Donald Trump’s Fed comments

The dollar fell versus the euro and pound Tuesday after US President Donald Trump hit out at the Federal Reserve’s interest rate rises, accusing it of not backing his economic plan, while most equity markets climbed looking ahead to China-US trade talks.
Turkish Lira

Turkey’s Lira crisis spills into Asian markets

Asian and European markets tumbled and the Turkish lira dived almost eight percent Monday on fears that the economic crisis gripping Turkey could spill over into the global economy.
(FILES) This file photo taken on February 9, 2017 shows Chinese 100 yuan notes in Beijing. The Chinese currency continued its sharp decline on July 20, 2018 despite US President Donald Trump's bid to rein in the dollar, as analysts pointed out that a weaker yuan aids Beijing in its trade tussle with Washington. / AFP PHOTO / FRED DUFOUR

Asia markets rally as China’s yuan defies Donald Trump dollar warning

Asian markets advanced Friday, with Shanghai gaining two percent as China's weak yuan currency defied US President Donald Trump's criticism of a strong dollar and Fed rate hikes.

Oil climbs to approximately $80 with equities, supply disruptions persist

Oil rose on Tuesday, supported by gains in equities and supply concerns in Norway and Libya.

Oil rises even as Donald Trump demands OPEC cut prices

Oil traded near its highest in three and half years on Thursday, boosted by potential disruptions to flows from Iran and the Middle East as U. S. President Donald Trump says OPEC should cut prices.

Oil prices rise as OPEC meets

Oil prices rose more than 1 percent on Friday as OPEC struggled to agree a deal to increase output to compensate for losses in production at a time of rising global demand.

OPEC sees ‘considerable uncertainty’ in oil market

After months of sharp oil price rises there is now considerable uncertainty as to the market’s direction for the rest of the year, OPEC said on Tuesday as a key meeting of oil producers looms.

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The Nigerian Stock Exchange (NSE) market indices shed 0.21 per cent due to loses in some blue chips.
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