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Organization of the Petroleum Exporting Countries

Organisation of Petroleum Exporting Countries (OPEC) | Reuters

OPEC+ panel calls for more oil cuts on coronavirus impact

An OPEC, non-OPEC technical panel has recommended extending a current oil supply cut pact until the end of 2020 and more output reductions due to the impact of the coronavirus on oil demand, Algeria’s oil minister said in a statement.
Iran launched missiles at U.S.-led forces in Iraq on Wednesday in retaliation for the U.S. drone strike on an Iranian commander whose killing last week stoked fears of a new Middle East war.

Iran missile attacks target US forces in Iraq

Iran launched missiles at U.S.-led forces in Iraq on Wednesday in retaliation for the U.S. drone strike on an Iranian commander whose killing last week stoked fears of a new Middle East war.

Saudi Arabia wants OPEC+ to deepen oil cuts due to Aramco IPO

OPEC and its allies plan to deepen oil cuts and have the deal in place so it runs at least until June 2020 as Saudi Arabia wants to deliver a positive surprise to the market before the listing of Saudi Aramco, two sources familiar with the talks said.
Organisation of Petroleum Exporting Countries (OPEC) | Reuters

OPEC’s share of Indian oil imports in October hits lowest since 2011

OPEC’s share of India’s oil imports fell to 73% in October, its lowest monthly share since at least 2011, tanker data from sources showed, as refiners shipped in fuel from the United States and other suppliers.
Iran Oil and Gas

Iran says oil field found with 53 billion barrels

Iran has discovered a new oil field containing 53 billion barrels of crude, President Hassan Rouhani said Sunday, a find that would increase Iran's proven reserves by over a third.

Oil slips below $61 as weak demand outlook weighs

Oil slipped below 61 dollars a barrel on Thursday as concern over the demand outlook offset a surprise drop in U.S. crude inventories and the prospect of further action by OPEC and its allies to support the market.
Russian President, Vladimir Putin - AFP PHOTO - Sputnik - Alexey NIKOLSKY

Oil, Iran top agenda as Vladimir Putin visits Saudi Arabia

Russian President Vladimir Putin will visit Saudi Arabia on Monday, where he is set to seal oil agreements as well as use his influence to defuse rising tensions in the Gulf.
Organisation of Petroleum Exporting Countries (OPEC) | Reuters

Oil rises on hopes for deeper OPEC output cuts, US-China trade talks

Oil prices climbed early on Friday, building on gains in the previous session, after producer club OPEC hinted at making deeper cuts in supply while optimism was revived over talks between the U. S. and China to end their trade war.

Oil edges higher on supply worries; eyes on trade talks

Oil prices rose on Tuesday, buoyed by overnight gains in industrial commodities, while unrest in oil-producing countries Iraq and Ecuador raised concerns of supply disruption, adding to support.

Oil prices dip as gloom gathers over global economy

Oil prices fell on Monday, extending last week’s heavy losses, with traders fearing the global economic slowdown will weigh on future oil demand growth while pegging hopes for a rebound on progress in talks this week on ending the US-China trade war.
Organisation of Petroleum Exporting Countries (OPEC) | Reuters

Oil hits six-week high on hopes of extended OPEC cuts

Oil futures hit a six-week high on Tuesday, rising for a fifth day on optimism that OPEC and other countries may agree to extend production cuts in a bid to support prices.
Saudi's Prince Abdulaziz bin Salman Al Saud

Oil rises as Saudi signals OPEC cuts to continue under new minister

Oil rose on Monday on expectations that Saudi Arabia, the world’s largest oil exporter, will continue to support output cuts by OPEC and other producers to prop up prices under new Energy Minister, Abdulaziz bin Salman.

Brent crude price crosses $60 mark

Oil prices on Friday clawed back the previous day’s losses, with Brent nudging above $60 a barrel, as tighter supplies from key producers offset slowing demand growth and investors await clues on the U.S. Federal Reserve’s monetary policy.

Oil rises on US high retail sales

Crude oil prices rose more than two per cent on Friday, recovering from two days of declines after data showing a rise in U.S. retail sales helped to ease concerns about a recession in the world’s biggest economy.
The Nigerian Guild of Editors, NGE, yesterday, expressed optimism in the ability of the Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mallam Mele Kyari to steer the corporation to enviable heights.

NNPC: Nigeria’ll comply with OPEC production agreement

This is as NNPC and the National Oil Spill Detection and Response Agency (NOSDRA) have assured of robust collaboration to urgently mitigate incidences of oil spill across the country.
Organisation of Petroleum Exporting Countries (OPEC) | Reuters

Nigeria supports nine-month extension of oil output cut

Nigeria on Monday reaffirmed its strong support for the nine-month extension of oil production cut under the “Declaration of Cooperation”, which seeks to improve global oil market stability among members of the Organization of the Petroleum Exporting Countries (OPEC).

Oil prices jump over two percent as Saudi Arabia, Russia back supply cuts

Oil prices rose more than one dollar a barrel on Monday after Saudi Arabia, Russia and Iraq backed an extension of supply cuts for another six to nine months ahead of an OPEC meeting in Vienna.
Organisation of Petroleum Exporting Countries (OPEC) | Reuters

Oil prices risk larger recovery as OPEC+ leaders meet at G20 summit

Crude looks poised for a larger rebound ahead of the Group of 20 (G20) summit as the price of oil extends the series of higher highs and lows from the previous week.

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Arrest warrant issued for South African opposition leader Julius Malema

A bench warrant was issued Monday for the arrest of Julius Malema, a fiery leader of one of South Africa’s main opposition parties, the Economic Freedom Fighters (EFF).
Journalist Erick Kabendera could finally walk to freedom as he has paid a TZS100 million ($43,325)for money laundering, as ordered by a Dar es Salaam court.

Tanzanian journalist pleads guilty to money laundering charge, fined $43,000

Journalist Erick Kabendera could finally walk to freedom as he has paid a TZS100 million ($43,325)for money laundering, as ordered by a Dar es Salaam court
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Court remands 36-year-old man for trafficking 5kg of cocaine

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Former African leaders to deliver lecture at Olusegun Obasanjo’s birthday event

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