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.
-
Features1 week agoHow ADC leadership crisis put Atiku’s 2027 ambition at risk
-
Energy1 week agoNNPC plans 5–10% stock market listing, targets 2027 for IPO preparations
-
Business5 days agoDisCos urge Minister to end blame game, apologise to Nigerians over blackouts
-
Health6 days agoStudy links Pfizer COVID-19 vaccine to higher death rates than Moderna shot
-
Latest1 week agoHow internal party disputes could shape the 2027 elections
-
Business1 week agoPower supply to improve in 72 hours as FG moves to restore generation – Tegbe
-
Business4 days agoFuel price: Our eyes on you, FCCPC tells oil marketers
-
Football5 days agoFlamingos arrive in Abuja after historic U-17 Women’s World Cup victory