Oil prices slump 1% as OPEC’s output hits 8-month high

13 October 2016, Lagos – Oil prices fell about one per cent wednesday after the Organisation of Petroleum Exporting Countries (OPEC) reported its September oil output at eight-year highs in its monthly Oil Market Report (OMR), thus eroding optimism over the carte’s pledge to bring a global crude oil glut under control. This is coming as […] More »