Thursday, 2 March 2017



Oil Price Rises as OPEC Sticks to Output Pledges

The Nigerian economy has been handed the needed boost with an increase in the price of oil in the international market.

 
 
Oil reversed earlier losses, yesterday, as investors took heart from strict Organisation of the Petroleum Exporting Countries, OPEC, compliance with its pledge to cut output.
 
OPEC reduced its oil output for a second month in February, a media survey found, showing the exporter group has boosted already strong compliance to around 94 per cent.
 
Heftier cuts by Saudi Arabia and Angola helped offset weaker compliance by other members that agreed to limit their output.
 
May Brent crude futures were last up 27 cents at $56.78 a barrel by 1030 GMT, while US West Texas Intermediate (WTI) futures for April were up 18 cents at $54.19.
 
Oil prices are 23 per cent higher than they were at the end of November, when OPEC announced its deal, but this strength has encouraged more US production to come back online.
 
“There seems … to be a consensus within OPEC that the optimal crude oil price is as near as possible to the upper line of our shale band price range…,” Olivier Jakob, a strategist at consultant Petromatrix said.
Subscribe to Tonygists by Email

Reliance Training and Management Consulting, a dynamic, fast growing indigenous entity, was established and duly registered with the aim to nurture, develop and innovate people and organisations through customized training, development and management consulting services, with excellent performance, deep sense of commitment, transparency, honesty and responsibility, to demonstrate the highest standard of technical and operational expertise.
Reliance is competently positioned to provide technical knowledge and skills relevant to practical management and business problems, to stimulate the creativity and innovation necessary to build a better community, a better nation and a better world with a committed mind set to contributing our best to the maximization of personal potentials and skills toward optimizing productivity and achieving organisational goals.
 
for more information click RELIANCE TRAINING AND MANAGEMENT CONSULTING



No need to visit Tonygists just  use the android application click for more info Tonygists android application
 
Visit some of the website built by tonygists

1. south south penpushers : south south pen pushers
2. kingdom builders :  Kingdom builders

Tonygists bro: honest zone

Are You On youtube? subscribe to Hot GIST Channel Latest Updates - @Hot Gist

Are You On youtube? subscribe to Gospel World (which is also owned by Tony Gists) youtube Channel Latest Updates - @Gospel world

Are you on audio mack? Follow Tonygists on audio mack to listen and download to the latest Mfm sermons Latest Updates - @Tonygists

Follow Tonygists on LinkedIn to get more jobs opportunities Latest Updates - @Tonygists

Are You On youtube? subscribe to Honest Ose Channel Latest Updates - @Honest Ose

Are You On youtube? subscribe to Honest Web Solutions Channel Latest Updates - @Honest Web Solutions

Are You On youtube? subscribe to Xtremely Honest Channel Latest Updates - @Xtremely Honest

Are You On Twitter? Follow Us Now For Latest Updates - @tonygists

Are You On FACEBOOK? Like Our Page For Latest Updates - tonygists

Are You On FACEBOOK? Join Our Group For Latest Updates And Interactions - TonyGists


© 2023 Tonygists | Portions are © 2023 Associated Press. All rights reserved. This material may be published, broadcast, rewritten, or distributed.

Share This Post Via

Related Posts

Previous
Next Post »


Reliance Training and Management Consulting, a dynamic, fast growing indigenous entity, was established and duly registered with the aim to nurture, develop and innovate people and organisations through customized training, development and management consulting services, with excellent performance, deep sense of commitment, transparency, honesty and responsibility, to demonstrate the highest standard of technical and operational expertise.
 


 
Reliance is competently positioned to provide technical knowledge and skills relevant to practical management and business problems, to stimulate the creativity and innovation necessary to build a better community, a better nation and a better world with a committed mind set to contributing our best to the maximization of personal potentials and skills toward optimizing productivity and achieving organisational goals.
 
for more information click RELIANCE TRAINING AND MANAGEMENT CONSULTING

Ads