IEA says oil stocks, non-OPEC output to buffer market from shocks

Surging oil production from non-OPEC countries led by the United States along with abundant global stocks will help the market weather political shocks such as the U.S.-Iran stand-off, the International Energy Agency (IEA) said on Thursday.

Reuters

Latest news today on OPEC

IEA says oil stocks, non-OPEC output to buffer market from shocks

Barkindo hopeful of sustained OPEC+ partnership for oil market balance

OPEC to maintain quota as oil prices return to $65 per barrel

‘Potential cuts by OPEC to keep oil price above budget benchmark’

Oil stable as trade optimism, Mideast tensions support

Iraq protesters lock down oil field, call strike

Oil prices fall as Russia touts easing OPEC+ output

Beyond return to January-December budget cycle

IEA maintains oil glut projection for 2020 as prices steady at $65

Marathon OPEC meeting breaks up without agreement

Oil demand to hit 110.6mb/d by 2040, says OPEC

Oil rises as OPEC weighs deeper output cuts

Failure of OPEC+ to deepen cuts may drive oil to $40, says report

‘High cost of oil production erodes revenues, depletes resources ’

More hurdles for economy as OPEC, stakeholders meet

‘Nigeria’s oil production is fully OPEC quota-compliant’

Oil holds near two-month high on OPEC+ extension expectations

OPEC, allies likely to extend oil supply cuts until June

‘Oil prices may drop further on potential glut’

Nigeria faces stern Ivoirien challenge in World Cup qualification bid

Olaopa pays tribute to Shittu @ 70

W’Bank urges Nigeria, other developing economies to adopt AI for faster growth

Lagos–Conakry–Bamako route to boost economic opportunities

The News You Need, Delivered To You.