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Tag Archives: Russia

OPEC supply cuts raises oil prices

Oil prices rose on Monday after Saudi Arabia said producer club OPEC and Russia were likely to keep withholding supplies, and in relief that the United States and Mexico averted a trade war that would have damaged the global economy. Front-month Brent crude futures, the international benchmark for oil prices, …

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Novice wins Lithuania presidential race

Gitanas Nauseda, a centre-right independent and political novice, won Lithuania’s presidential election on Sunday in a race marked by low populist sentiment and concerns over inequality in the Baltic eurozone state. Although Lithuanian presidents do not directly craft economic policy, bread and butter issues have dominated the race. Experts also …

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Nigeria won’t exceed oil output target – Barkindo

OPEC Secretary-General Mohammad Barkindo said on Monday Nigeria has no intention of going beyond its oil production target of 1.8 million barrels per day (bpd) until the end of March 2018. Barkindo made this known at the opening of the fourth Joint OPEC-non-OPEC Ministerial Monitoring Committee in St. Petersburg, Russia. …

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