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*OPEC+ barrel stock Newswire – OPEC+ chose to stick with oil production cuts for the first half of the year, keeping global markets tight and potentially sending prices higher. A panel of key members led […]

*NSCDC officials at the illegal bunkering site Mkpoikana Udoma Port Harcourt — The Nigerian Security and Civil Defence Corps, NSCDC, says it has busted and dismantled an illegal oil bunkering and seized two local Cotonou […]

*An employee looks out over the illuminated petroleum cracking complex at the Lukoil-Nizhegorodnefteorgsintez oil refinery, operated by OAO Lukoil, in Nizhny Novgorod. Photographer: Andrey Rudakov/Bloomberg via Getty Images. Moscow/London — When engineers at Russian oil […]

… Seizes  210MT of crude oil  *The 14 suspected oil thieves, including a woman, arrested by the Navy Mkpoikana Udoma Port Harcourt — The Nigerian Navy Ship, NNS, Pathfinder, has uncovered and dismantled 16 illegal refineries […]

*The logo of the Organization of the Petroleoum Exporting Countries (OPEC) is seen outside of OPEC’s headquarters in Vienna, Austria April 9, 2020. REUTERS/Leonhard Foeger – OPEC+ JMMC meets on Wednesday at 1100 GMT– Producers […]

The expectation of higher prices comes after the backwardation structure in the Dubai benchmark narrowed by 33 cents a barrel in March versus February, Reuters data showed. When the market is in backwardation, prompt prices […]

Brent crude was 35 cents lower at $86.65 a barrel by 1230 GMT after rising 2.4% last week. U.S. West Texas Intermediate crude was at $82.87 a barrel, down 30 cents following a 3.2% gain […]