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    Nigeria launches payments card program to rival Visa and Mastercard

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    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

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    MoneyGram joins forces with BOTIM to launch international money transfer to over 200 countries

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Oil prices set to rise as Opec countries cut output

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05/10/2022
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Oil prices set to rise as Opec countries cut output

Some of the world’s top oil-producing countries have agreed to cut the amount they export in a decision expected to raise oil prices around the world.

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Zanzibar’s president is looking to make horticulture a significant part of his country’s economy

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Members of Opec+ – a group that includes Saudi Arabia and Russia – said they would slash production by two million barrels per day.

The group aims to support prices which have fallen as the world economy slows.

A barrel of Brent Crude oil was trading at $84.06 in late September – down from highs of around $130 this spring.

However, news of Opec+’s planned production cut pushed prices up by 1% to $92.74 a barrel on Wednesday.

Oil prices set to rise as Opec countries cut output

Source: BBC
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