Tag: opec meeting
Brent crude prices have risen by 14 per cent this week and continued to rise in morning trade, eagerly waiting for the expected OPEC+ meeting that will take place tomorrow. The meeting will see the world’s major oil producers discuss extended production cuts. Stephen Innes, Global Chief Markets Strategist at AxiCorp joins CNBC Africa for more.
Dwindling oil prices, supply glut from U.S crude production amongst others are some of the reasons industry experts believe will lead to a production cut decision at the OPEC meeting which kicks off in Vienna today. Kola Karim, Chairman Shoreline Group joins CNBC Africa to discuss the expectations of today’s OPEC meeting.
Saudi Arabian Energy Minster, Khalid Al-Falih says his consultation with Nigeria will prepare both countries for next week’s OPEC meeting. He made the remarks while addressing the press today after a visit to Nigeria’s Minister of State and Petroleum Resources, Ibe Kachikwu.
Ahead of today's OPEC meeting, CNBC caught up with Mohammed Barkindo Secretary-General of the Organisation of the Petroleum Exporting Countries, to get some insight on how the meeting is shaping up.
Russia, OPEC aligned on extending output cuts - Nigeria oil minister
Nigeria's Minister of state for Petroleum Resources Emmanuel Ibe Kachikwu says OPEC and Russia are fairly aligned on extending a deal among 24 nations to curb oil output. CNBC caught up with him ahead of today's OPEC meeting.