Tolfem Investments Limited: Saudis say oil to stabilize; U.A.E. sees rebalancing by OPEC

Tolfem Investments Limited

Tolfem Investments Limited is a leader in the of Nigerian Bonny Light Crude Oil (BLCO) sales market. As a privately held company, Tolfem Investments Ltd. is committed to and is focused on delivering reliable services to all her clients. Tolfem Investments Limited is determined to continue to grow in the energy sector and to become one of the recognized leaders in the Nigerian oil and gas industry.

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Wednesday 26 November 2014

Saudis say oil to stabilize; U.A.E. sees rebalancing by OPEC

VIENNA, Austria (Bloomberg) -- Saudi Arabia’s oil minister said crude prices will stabilize while the United Arab Emirates said OPEC will do what it takes to balance the market. Angola predicted the 12-nation group will reach a consensus when it meets on Nov. 27. The “market will stabilize itself,” Ali Al-Naimi, the Saudi minister, told reporters in Vienna Nov. 26. The world’s largest oil exporter failed to agree a plan with Russia, Venezuela and Mexico to curb output on Nov. 25. Iran’s oil minister said there is an oversupply of crude.

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