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  • Published on Mar 22, 2025

    Crude Oil Soars on Tighter Supply

    By Adedapo Adesanya Crude oil appreciated as fresh US sanctions on Iran as the latest output plan from the Organisation of the Petroleum Exporting Countries and its allies (OPEC+) producer group raised expectations of tighter supply. Brent crude futures …

    Source: BusinessPost Nigeria - Uncategorized
  • Published on Mar 21, 2025

    OPEC+ unveils new plan for oil output cuts to address overproduction

    The Organisation of the Petroleum Exporting Countries (OPEC+) has unveiled a new schedule for seven of its member nations to implement further oil output cuts. This move aims to compensate for pumping above agreed levels, with monthly reductions ranging …

    Source: Hydrocarbons Technology - Neutral
  • Published on Mar 21, 2025

    Opec+ issues new plan for oil cuts to compensate for overproduction

    Opec+ on Thursday issued a new schedule for seven member nations to make further oil output cuts to compensate for pumping above agreed levels, which will more than overtake the monthly production hikes the group plans to introduce next month. The plan …

    Source: Khaleej Times - Gov't Propaganda
  • Published on Mar 20, 2025

    Oil Prices and Gulf Economic Policymaking

    On March 3, OPEC+ announced plans to unwind voluntary oil production cuts beginning in April. Brent crude oil prices subsequently dropped to 6-month lows, dipping below $70 per barrel. Supply and demand dynamics in global oil markets have led to subdued …

    Source: Arab Gulf States Institute in Washington - Neutral
  • Published on Mar 20, 2025

    OPEC receives surplus oil production compensation schedules

    MOSCOW, March 20. /TASS/. OPEC received updated compensation plans for oil production from seven OPEC+ countries, the Organization said on its website. Compensations until July 2026 will total 4.203 mln barrels per day. Plans were presented by …

    Source: TASS - Gov't Propaganda
  • Published on Mar 22, 2025

    Linkage Assurance, Oando, Others Lift Nigerian Exchange by 0.10%

    By Adedapo Adesanya Crude oil appreciated as fresh US sanctions on Iran as the latest output plan from the Organisation of the Petroleum Exporting Countries and its allies (OPEC+) producer group raised expectations of tighter supply. Brent crude futures …

    Source: BusinessPost Nigeria - Uncategorized
  • Published on Mar 22, 2025

    Middle East Crude-Benchmarks rise to highest end-week levels this month

    Middle East crude benchmarks Oman, Dubai and Murban rose on Friday to the highest end-week levels this month. SINGAPORE CASH DEALS Cash Dubai’s premium to swaps rose 5 cents to $1.51 a barrel. The U.S. on Thursday issued new Iran-related sanctions, …

    Source: Hellenic Shipping News - Neutral
  • Published on Mar 20, 2025

    Asia’s sour crude demand set to rebound late second quarter, support Mideast prices

    SINGAPORE: Asia’s sour crude demand is set to rebound from late in the second quarter as refiners return from maintenance and Exxon Mobil completes a Singapore refinery upgrade that is poised to increase its heavy oil use, traders and analysts said. The …

    Source: Business Recorder - Neutral
  • Published on Mar 20, 2025

    How fast grows the greening of the Middle East?

    Left to right: Dr Waddah Ghanem; John Bell; Dr Yousef AlShammari Photo: Energy Institute/Oliver Dixon Photography ‘Appreciation of conventional energy is very important for GCC countries, because a lot of our GDP depends on income which is directly or …

    Source: Energy Knowledge - Energy Institute - Label Pending
  • Published on Mar 20, 2025

    Is the Endgame with Iran About to Begin?

    The energy markets could be on the verge of a Black Swan Bull Market, signaling potential volatility and major geopolitical shifts. After a brief lull in military confrontations in the Middle East, tensions are once again escalating between Israel and its …

    Source: Oil Price - Neutral
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