Oil Supply Deal: Market Stability Desired

Events in the global crude oil market became more interesting last week Thursday, following the extraordinary OPEC and non-OPEC Ministerial Meeting which extended until Sunday, with OPEC+ adopting a production cut of 9.7mbpd from May to June, a reduction to 7.7mbpd cut from July to December 2020 and 5.8mbpd cut from January 2021 until April 2022.

In the midst of the OPEC+ negotiation, G20 producers agreed to support the market rebalancing through production declines and stockpiling.

Download Research

Monthly Oil Market Update – April 2020

Weekly Economic and Financial Commentary – 14 April, 2020

The information contained in this web site reflects thoughts and opinions of NOVA Research Team only, and the firm is not soliciting any transaction based upon such information.

The contents of this website are for informational purposes only and may not reflect current financial developments or market conditions. You should not act or refrain from acting on the basis of any content included in this web site without seeking financial or professional advice on the particular facts and circumstances at issue. NOVA Research Team reserves the right to change any information contained herein without prior notice. The firm is not responsible for any third-party content that may be accessed through this web site. The distribution or photocopying of the firm information contained on or downloaded from this site is strictly prohibited without the express written consent of NOVA Research Team.

Privacy Overview

Nova Bank (NOVA) respects the privacy of our users and we are committed to protecting your personal data disclosed to us.

This Privacy Notice clarifies how we collect, process, disclose, and safeguard your information when you visit our website novambl.com and our mobile application Nova Mobile Banking, including any other media form, media channel, mobile website, or mobile application related or connected to it (collectively, the “Site”). Please read this privacy notice carefully.

If you do not agree with the terms of this privacy notice, please do not access the site. Nova reserve the right to make changes to this Privacy Notice (based on our Privacy Policy) at any time and for any reason. We will alert you about any changes by updating the “Last Updated” date of this Privacy Notice.

We will hence ensure your data is:

Processed lawfully.
Collected and maintained for a specific purpose.
Retained no longer than necessary; and
Kept securely.

Nova will use the personal information we ask for to identify you, provide services for you, to communicate with you, and to make our services better. We may also use your personal
information to market our products and services to you that may be of interest to you. However, you can contact us and request that we delete your information from our mailing list if you do not wish to continue receiving our promotions.

For more details, please read up our data privacy policy. This policy sets out your rights under the Nigeria Data Protection Regulation 2019 and explains how you can access your personal data as well as lodge compliant if you have concerns about how we are using it. By signing this form, you agree that you understand how your data will be used and consent to its use as stated in our privacy policy. You can access, make changes to, update or withdraw your information provided to us by contacting
us through the following channels:

Contact Info

Address: 23 & 18 Kofo Abayomi Street Victoria Island, Lagos, Nigeria
Phone: 02 01 280 4000 / +234 913 666 6680 Ext. 4028
Email: informationsecurity@novabank.ng

For more information, please read our Privacy Policy.