Business
Fear of oil price fall as OPEC postpones meeting to Nov 30
Agency Report
There is rising fear of fall in the price of crude oil in the international market as the Organization of the Petroleum Exporting Countries (OPEC) on Wednesday, postponed its ministerial meeting to November 30.
The Organization of the Petroleum Exporting Countries (OPEC) in a statement on Wednesday announced that the ministerial meeting of the OPEC+ alliance originally scheduled for Sunday in Vienna has been rescheduled to Thursday.
READ ALSO: Tinubu committed to welfare of families of fallen heroes – Shettima
According to the statement, the 13 OPEC members, led by Saudi Arabia, and their 10 partners, led by Russia, were due to decide on their output policy amid slumping crude prices.
It was observed that the OPEC+ announcement resulted in fall in global crude prices to about four per cent.
The world oil prices were noted to be falling since September, with Brent currently selling at below $80 per barrel.
-
Football7 days agoSuper Falcons target World Cup play-off spot against South Africa
-
Business1 week agoBigi, Fearless take campus engagement to new level, reach 20 tertiary institutions
-
Featured4 days agoOsun 2026: What the battle could signal for 2027 general elections
-
Business5 days agoWho is really benefiting from Nigeria’s economic reforms?
-
Business6 days agoOPay transactions surge 115% to $358bn as Fintech eyes $4bn US IPO
-
Featured4 days agoOsun Election: How poverty turns ₦20,000 into a powerful vote-buying tool
-
Latest4 days agoCoca-Cola faces backlash over alleged AI filter blocking Christian messages
-
Business6 days agoDeep offshore tax order to unlock $50bn investment, boost oil output–Ojulari