Tag Archives: Nigeria

Equatorial Guinea has been accepted as a new member of the Organization of the Petroleum Exporting Countries (OPEC).

OPEC decided on Thursday to extend cuts in oil output by nine months to March 2018.

The price of OPEC’s basket of 13 crudes stood at $51.50 per barrel on May 22.

South Africa bought around 68.000 bpd of crude from Iran in May 2012.

Over the next two months. the UAE will cut another 278000 bpd. demonstrating its compliance with its quota under the agreement.

Goldman kept its average Brent price forecast for the third quarter of 2017 at $57 per barrel.

The price of OPEC’s basket of 13 crudes stood at $48.34 a barrel on May 3.

Over 90 percent of Iranian zinc ingot is being deployed to international target markets in 14 countries.

The price for June futures of West Texas Intermediate (WTI) has grown by 0.58 percent and stood at $49.91 per barrel.

EIA’s forecast for 2018. in contrast. increased compared to the previous outlook. when it was at 40.2 million barrels per day.