LONDON — Oil prices jumped on Thursday after OPEC and its oil-producing allies said the group would keep production largely steady through April. Saudi Arabia also said that it would extend its one million barrels per day voluntary production cut into April. The group approved the continuation ...
In 2023 alone, the mining industry contributed approximately $24 billion to national GDP, underlining the sector’s critical role in economic strategy (360 Mozambique). As countries capitalize on higher local ownership, this strategy is potentially increasing tensions with multinational corporations. ...
Crude, Products Close Lower Despite Possible Late-April Opec Meeting.(Brief Article)Rehring, Emily
U.S. crude oil futures topped $80 a barrel for the first time in nearly four months, as signs point to a tightening market ahead of an OPEC+ decision on production cuts. TheWest Texas Intermediatecontract for April gained more than 2%, or $1.78, to $80.04 a barrel, while MayBrentfutur...
Major oil producers met again during ahighly anticipated special meeting in Apriland failed to reach a deal. The market really needs to freeze production, “in order to create a firm price floor and allow the oil price to gradually creep back upward,” said Dr. Justin Dargin, senior follow...