Markets: “OPEC Production Drops To Lowest Since March 2015” – Platts Survey

Markets: “OPEC Production Drops To Lowest Since March 2015” – Platts Survey

OPEC’s crude oil production plummeted by nearly 1 million bpd from December to 30.86 million bpd in January, marking the lowest production for the cartel since March 2015, as Saudi Arabia over-delivered and members exempted from the reduction pact saw their output further drop, according to the S&P Global Platts survey.

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Global Markets: Oil prices climb on OPEC cuts, hopes of U.S-China trade deal

Global Markets: Oil prices climb on OPEC cuts, hopes of U.S-China trade deal

Oil prices rose on Friday, lifted by OPEC’s supply cuts and hopes the United States and China could soon settle their trade disputes. U.S. West Texas Intermediate (WTI) futures were at $54.10 per barrel at 0133 GMT, up 31 cents, or 0.6 percent, from their last settlement. International Brent crude oil futures were at $61.25 per barrel, up 41 cents, or 0.7 percent from their last close. “Prices supported by data showing further falls in…

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Africa Oil & Gas: Ten developments that will shape Africa’s energy sector in 2019

Africa Oil & Gas: Ten developments that will shape Africa’s energy sector in 2019

After a year of rebound and recovery, Africa’s old and new hydrocarbons markets have an opportunity to further entrench the continent’s position as the world’s hottest oil and gas frontier in 2019.

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Global Markets: Oil Stabilizes As OPEC Implements Cuts

Global Markets: Oil Stabilizes As OPEC Implements Cuts

The oil rally of the past two weeks continues, even though in a more tempered manner, on the back of U.S. commercial crude supplies shrinking, Russia starting to implement its OPEC/OPEC+ commitments and China promising to do whatever it takes to avert an economic slowdown.

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