• Contact Us
  • About Us
Monday, July 28, 2025
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home Energy

Oil rises amidst expected extension of OPEC cuts

metro by metro
November 16, 2017
in Energy
0
Saudis say to take “big hit” on oil output for OPEC deal, Iran can freeze

OPEC

0
SHARES
0
VIEWS
OPEC

Oil markets edged up on Thursday as expectations that OPEC will extend production cuts at a meeting at the end of this month outweighed rising U.S. crude production and inventories.

Brent crude futures, the international benchmark for oil prices, were at $62.06 per barrel at 0742 GMT, up 19 cents, or 0.3 per cent, from their last close.

Read Also

Amid Lingering Power Generation Crisis NMDPRA Begins Review Of Gas License Holders 

DisCos Accounted For 100% Power Sector Casualties Q1-NERC

Senate Passes Electricity Act Ammendment Bill To Tackle Sector Collapse

U.S. West Texas Intermediate (WTI) crude futures were at 55.39 dollars a barrel, six cents up from their last settlement.

Traders said oil rises due to efforts led by the Organisation of Petroleum Exporting Countries (OPEC) to withhold oil production to tighten the market and prop up prices.

The deal is due to expire in March 2018, but OPEC will meet on November 30 to discuss policy, and it is expected to agree on an extension of the cuts.

U.S. crude oil production C-OUT-T-EIA hit a record of 9.65 million barrels per day (bpd), meaning output has risen by almost 15 per cent since their most recent low in mid-2016.

Tags: Oil risesOPEC
Previous Post

Google honours Achebe on posthumous birthday

Next Post

Suicide bombers kill 10 in Maiduguri-emergency official

Related Posts

Amid Lingering Power Generation Crisis NMDPRA Begins Review Of Gas License Holders 
Energy

Amid Lingering Power Generation Crisis NMDPRA Begins Review Of Gas License Holders 

July 17, 2025
NERC Threatens Tougher Sanctions Against DisCos Over Low Power Supply
Energy

DisCos Accounted For 100% Power Sector Casualties Q1-NERC

July 17, 2025
Senate
Energy

Senate Passes Electricity Act Ammendment Bill To Tackle Sector Collapse

July 9, 2025
AEDC Attributes Outages To Explosion, Technical Fault As Over 20 Communities Thrown Into Darkness During Easter
Energy

AEDC At It Again As Power Outage Hits Parts Of Abuja

June 25, 2025
Next Post

Suicide bombers kill 10 in Maiduguri-emergency official

refinery

Oil Rises As US-EU Deal Lifts Trade Optimism

July 28, 2025
China Releases AI Action Plan Days After U.S. As Global Tech Race Heats Up

China Releases AI Action Plan Days After U.S. As Global Tech Race Heats Up

July 26, 2025
Sad As Cameroon’s Biya, 92, Announces Bid For Eighth Presidential Term 

Cameroon Election Board Bars Kamto, Key Contender to Paul Biya

July 26, 2025
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version