July 6, 2021/CSL Research Following a 3-day intense discussion by the Organization of Petroleum Exporting Countries (OPEC) and its allies on oil output policy, no agreement was reached owing to reluctance by some key members to extend production cuts into 2022. The meeting was postponed indefinitely. Brent crude price continues […]
OPINION/EDITORIAL
Fallout from OPEC+ July 2021 Meeting
July 6, 2021/United Capital Research OPEC and non-OPEC ministers ended their meeting without a resolution after a key member left the OPEC+ coalition marred in uncertainty. The group earlier postponed its meeting on oil output policy till Monday (5th July). The OPEC+ alliance had agreed in principle to boost supply […]
PIB Passage: A Little Too Late?
Sector Update/Oil & Gas July 6, 2021/Cordros Report Event: According to press reports last week, the National Assembly eventually passed the Petroleum Industry Bill (PIB) after much delay since its presentation to the house by the Executive in September 2020. The Senate and House of Representatives are expected to convene […]
