Libya, Nigeria oil output causes worries, geopolitical risks still present

Growing oil output in Libya and Nigeria is causing worries on OPEC's ability to boost up crude prices.  Also, constant conflicts in the two nations might possibly keep a cap on their output. Libya's production came at levels higher than 800,000 bpd. It is the first time since 2014. Back then the civil war broke out. In the meantime, [...]

By | 2017-05-17T15:54:00+00:00 May 17th, 2017|Oil Market|0 Comments

Nigeria: Exxon Mobil Oil workers started a strike, dissatisfied by work conditions

Summary of Today's Important Economic News:   Retail sales set to recover in second quarter Fed will keep eye on inflation data Global stock mixed ahead of key U.S. data Oil in track for weekly gains of 3% S. - China trade relations 'hitting a new high' Gold prices move higher amid U.S. political turmoil [...]

By | 2017-05-12T17:47:50+00:00 May 12th, 2017|Financial, Governments, International, Oil Market|0 Comments