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OPEC+ is once again grappling with the thorny question of how much oil its members are actually capable of pumping, an issue that poses risks for the group’s efforts to stabilize world markets. After a fierce debate on the matter last year — ultimately leading to the exit of Angola — the alliance led by Saudi Arabia commissioned an external review of its ...
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Nigeria’s crude oil for loading this month is finally showing signs of starting to clear out after a weak pull from Europe forced some sellers to lower prices. About 10 cargoes of the country’s crude for May loading were still available for purchase, according to the median estimate of three traders specializing in the trade. While that’s still around a ...