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OPEC+ leaning towards oil cut extension, despite rally: sources

OPEC and allies including Russia are leaning towards delaying next year’s planned increase in oil output to support the market during the second wave of COVID-19 and rising Libyan output, despite a rise in prices, three sources close to OPEC+ said. OPEC+ was due to raise output by 2 million barrels per day (bpd) in Read More…

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Recession: Nigeria ready to reopen its land borders to trade – Finance minister

Nigeria is ready to reopen its land borders to trade for the first time in more than a year after closing them to try to stamp out smuggling, the finance minister said on Wednesday. Finance Minister Zainab Ahmed said those involved had learned from the closure and worked together on joint border patrols. “We will Read More…