 |
 |
| << Back Poser >> |
| OPEC+ to continue to increase oil output in October |
 The Organisation of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, has decided to ramp up oil output by 137,000 barrels per day (bpd) in October. OPEC made the announcement in a statement on its website after a virtual meeting with members. The participating countries, including Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman, reviewed global market conditions and outlook. “The eight participating countries decided to implement a production adjustment of 137,000 bpd from the 1.65 million bpd additional voluntary adjustments announced in April 2023,” the statement said. It noted that the global economic outlook is steady, and current market fundamentals are healthy, which is reflected in the low oil inventories. The 1.65 million bpd may be returned in part or in full, subject to evolving market conditions and in a gradual manner, OPEC said. First announced in April 2023, the voluntary production cuts of 1.65 million bpd were later prolonged to the end of 2026. The eight countries will meet on Oct. 5 to make their following decisions. (Xinhua/NAN) |
| Vanguard Business News |
|
Boakai hails deeper strategic ties with Beijing Liberia and China continue to deepen their decades-long diplomatic ties, as President Joseph Boakai reaffirmed his country’s one-China policy. By Stephen G. Fellajuah Monrovia, September 9, 2025: Reaffirming his country’s One-China policy, President Boakai expressed Liberia’s unwavering respect for the One-China Policy, emphasizing that international partnerships must be grounded in peace, mutual respect, and shared …The post Boakai hails deeper strategic ties with |
|
Foreign portfolio inflow up 354% to N609.73bn in 3yrs … As outflow increases by 382.2% By Peter Egwuatu The Foreign Portfolio inflow on the Nigerian stock market has increased by 354.4 % to N609.73 billion in seven months of 2025 (7M’25) against N134.19 billion in seven months of 2022(7M’22). The domestic and foreign transactions report released by the Nigerian Exchange Limited, NGX showed that foreign […]The post Foreign portfolio inflow up 354% to N609.73bn in 3yrs appeared first on Vanguard |
|
Strike: Talks with NUPENG deadlocked as Dangote Refinery representatives stage walkout The deadlocked meeting aimed at addressing allegations of anti-union practices against the Dangote Refinery.The post Strike: Talks with NUPENG deadlocked as Dangote Refinery representatives stage walkout appeared first on Premium Times |
|
N149.39trn Debt: Abbas Clarifies Remarks, Says Tinubu Ensuring Responsible Borrowing, Edun Upbeat Juliet Akoje in Abuja Speaker of the House of Representatives, Hon. Tajudeen Abbas, yesterday, clarified his earlier comments on Nigeria’s N149.39 trillion debt, stressing President Bola Tinubu was committed toThe post N149.39trn Debt: Abbas Clarifies Remarks, Says Tinubu Ensuring Responsible Borrowing, Edun Upbeat appeared first on |
|
Volkswagen to invest up to €1b in AI to cut costs German carmaker Volkswagen is planning to streamline production and cut costs by investing up to €1 billion ($1.175 billion) in artificial intelligence by 2030, the firm said at a major auto show in Munich on Tuesday.The post Volkswagen to invest up to €1b in AI to cut costs appeared first on Ghana Business |
|
Ethiopia inaugurates Africa's biggest dam Ethiopia was set to inaugurate Africa's largest hydroelectric project on Tuesday that has promised to revolutionise the country's energy sector but sparked diplomatic rows with downstream neighbour Egypt. But neighbouring Egypt, dependent on the Nile for 97 percent of its water, sees a looming |