Top Oil News Brief/Roundup to 16th November 2016…..

Top Oil News Brief/Roundup to 16th November 2016…..

The price of OPEC basket of fourteen crudes stood at $41.84 a barrel on Tuesday, compared with $40.94 the previous day, according to OPEC Secretariat calculations

Oil prices fell to three-month lows on Monday on market speculation that OPEC would not be able to follow through on its pledge to cut production at its Nov. 30 meeting. Higher U.S. crude inventories and a strong dollar also a factor.

Russia has scheduled informal talks in Doha this week with nations including Saudi Arabia.

oil barrel

In The News This Week:

Buhari Govt Set To Lose $17Billion: What Lies Ahead For Nigeria-U.S Ties Under President Trump

Israel Energy Minister Hopeful on Gas Export

Saudi Arabia And Russia To Meet Ahead Of OPEC Meeting

Algerian Crude Exports Reach Record-High In October

Iran, Iraq oil ministers said to bypass energy talks with Saudis

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