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S&P Global Platts

Oil prices to steady at $72.50 in Q2 on cuts, US sanctions

Goldman Sachs has adjusted its second quarter (Q2) 2019 Brent oil price forecast upwards by 11.5 per cent from $65/barrel to $72.50/b to reflect stronger assumptions on OPEC output cuts, further tightening of U.S. oil sanctions on Venezuela, and Iran, as well as only moderate growth in U.S. shale production.

Ibe Kachikwu: Nigeria’s daily oil production expected to rise to 2.2 mbd in early...

Nigeria’s oil production is set for a timely boost, climbing to around 2.2 million barrels per day (mbd) by early 2019 with the start-up of the giant 200,000 barrels per day (bd) Egina field, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said.

Saudi Aramco plans change crude oil price formula

Saudi Aramco plans to change the formula used to price its long-term crude oil sales to Asia later this year, multiple trade sources said on Wednesday.

Dollar builds on gains as US data overshadow North Korea woes

The dollar extended its gains on Thursday as strong US growth and jobs data helped traders move past North Korea's missile test but oil struggled as deadly storm Harvey batters the Gulf Coast.

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