OPEC

Oil & Gas

Oil advances after OPEC+ extends production cuts

08/06/2020

Oil rose to trade near $43 a barrel in London after OPEC and its allies agreed to extend historic output curbs by an extra month, promising stricter compliance to ensure members don’t pump more than they pledged.

Africa

Angola in debt talks with oil importers

02/06/2020

Angola is in talks with some of its oil customers in a bid to restructure financing facilities, the Ministry of Finance has said, in order to “better reflect the current market environment and OPEC production quotas”.