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Opec: The global benchmark, now trading around USD 75 a barrel after having shed about 13% thus far in 2023, was seen averaging USD 83.28 in the third quarter before popping above the USD 86 mark in the next two quarters. Forecasts for U.S. crude were also scaled back to USD 78.38 a barrel in 2023 from last month's USD 79.20.
Most of the revenue earned by JSE-listed companies are earned abroad. This has important investment implications, says Schalk Louw.
Nigeria recorded a further small gain with exports holding strong from key streams, although it is pumping much less than allowed under the Organisation of
SINGAPORE: Cash differentials for fuel oil held steady in Asia amid thin trade on Friday, while onshore inventories...
OPEC's oil output experienced a modest decline in June, with Iraq and Nigeria raising their production levels, offsetting the cutbacks made by other countries