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OPEC+ Cuts Could Lead To Supply Deficit In Oil Markets

OPEC+ decision to cut output may lead to supply deficit in oil markets. Global oil inventories are in a decline that would be...

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OPEC Raised Oil Production In September But Remained Below Target

OPEC raised its crude oil production by 146,000 barrels per day (bpd) in September compared to August, but the ten OPEC members in the...

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U.S. Looks To Punish Saudi Arabia For Large OPEC+ Cut

Saudi Arabia’s latest move to cut crude oil production, despite U.S. please not to do so, should not have surprised Washington, and yet...

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Katsina Thrown Into Mourning As Lawmaker Dies In Saudi Arabia

A member of the Katsina House of Assembly, Dr Ibrahim Aminu Kurami, has died in Saudi Arabia. The New Diplomat learnt that the lawmaker who...

Energy

Russia Could Be The Biggest Beneficiary Of OPEC+ Cuts

Russia will not cut any output while the price of oil is set to rise in the coming months. Earlier this week, OPEC+...

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Morgan Stanley: Oil Prices Will Hit $100 Next Quarter

Oil prices will rise again to $100 per barrel faster than previously estimated, Morgan Stanley said on Thursday, lifting its price forecast for the...

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Breaking! Remaining 23 Victims Of Abuja-Kaduna Train Attack Regain Freedom

The remaining twenty-three victims kidnapped during the March 28, 2022 train attack in Kaduna State have regained their freedom. Their release was confirmed in a...

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