Oil Prices Recover As OPEC+ Cut Output

Oil prices recovered as the world’s major producers agreed on Friday to lower production than expected and offset the losses of the previous day when the oil-rich nations failed to reach an agreement. Opec and its allies, including Russia, which together account...

Benchmark Oil Price Falls Below Budget

The declining global oil price last week could destroy the Federal Government’s economic forecasts for 2019 and affect the medium-term expenditure framework (MTEF) if the trend does not reverse soon. Data from the Organization of Petroleum Exporting Countries...