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.
-
Business1 week agoCBN targets $12bn annual Diaspora inflows to boost FX liquidity
-
Business1 week agoSEC launches nationwide campaign to help investors recover unclaimed dividends
-
Business6 days agoNigerian AI researcher champions ethical artificial intelligence at COPA AI 2026 summit in Wales
-
Football6 days agoMessi calls Lamine Yamal World Cup final clash ‘Crazy’ after viral baby photo resurfaces
-
Business1 week agoCBN launches real-time FX tracker for BDCs, tightens oversight of FX market
-
Business7 days agoFood prices now biggest threat to inflation, beyond CBN’s reach – Analysts
-
Football1 week agoNigerians blast Super Eagles over France World Cup defeat post
-
Business1 week agoZenith Bank leads brokers’ buy ratings as analysts turn bullish on banking stocks