OPEC+ cuts responsible for current oil market stability — Barkindo
The Secretary-General of the Organisation of Petroleum Exporting Countries, OPEC, Dr Mohammad Barkindo has attributed the stability in the global ...
Tag: OPEC
OPEC mourns ex-NNPC GMD Baru
The Organisation of Petroleum Exporting Countries, OPEC, says the death of Dr Maikanti Baru, former Group Managing Director of NNPC, ...
Saudi to cooperate with OPEC+ over oil market stability – Official
Saudi Arabia said on Tuesday it was ready to take further measures together with OPEC+ members and other producers to ...
U.S. crude oil nosedives, touches lowest price in 3 decades
United States crude oil prices fell sharply, plummeting to their lowest levels since 1986, as a collapse in demand because ...
OPEC reassures commitment to global economic stability
The Organisation of Petroleum Exporting Countries, OPEC, has reassured that it will spearhead the joint efforts in re-establishing healthy oil ...
Nigeria joins OPEC+, to cut crude oil supply by 10mb/d – Sylva
The Minister of State for Petroleum Resources, Chief Timipre Sylva, said Nigeria joined the OPEC+ to cut crude oil supply ...
Dwindling oil revenue: Nigerian govt should’ve pegged 2020 budget on $35pb – Expert
An oil and gas expert, Wilson Opuwei, says the Federal Government should have benchmarked the 2020 budget not higher than ...
Saudi Energy Minister calls for stable oil prices
Saudi Arabia’s Energy Minister said on Monday that the Kingdom, OPEC’s de facto leader, would like to see stable oil ...
Oil rises as OPEC weighs deeper output cuts
Oil prices edged higher on Thursday ahead of an OPEC meeting where members are expected to agree on deeper output ...
Iraq, Nigeria agree to OPEC requirements over cut in oil output
Oil cartel Opec agreed on Thursday to trim oil output by asking over-producing members Iraq and Nigeria to bring production ...
Oil rises for 5th session as stockpiles fall and market awaits Fed
Oil prices rose for a fifth day on Wednesday, supported by a drop in U.S. inventories and investor expectations that ...
Kyari formally takes over as NNPC GMD
The 19th Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Melee Kolo Kyari, takes over from his predecessor, Maikanti ...
Nigeria, Saudi Arabia, others sign new OPEC Charter
The Organisation of the Petroleum Exporting Countries, OPEC, and the non-member countries of the organisation, OPEC, on Tuesday signed a ...
Nigeria supports 9 months extension for oil production cut
Nigeria on Monday reaffirmed its strong support for the nine month extension in oil production cut under the “Declaration of ...
OPEC reacts to Mele Kyari’s appointment as NNPC GMD
The Organisation of the Petroleum Exporting Countries, OPEC, on Thursday, congratulated Mele Kolo Kyari over his new appointment as the ...
Meet Mele Kyari, the new NNPC GMD
Mele Kolo Kyari is a Geophysicist and an expert in crude oil marketing. He is currently Nigeria’s Representative at the ...
Oil hits five-month high above $71 on Libyan supply threat
Oil hit a five-month high above 71 dollars a barrel on Tuesday, supported by concern that violence in Libya could ...
Oil prices rise on supply cuts, but global slowdown looms
Oil prices rose on Tuesday amid supply cuts by producer club OPEC and Russia, although a darkening economic outlook may ...
Oil prices jump on U.S-China trade hopes, supply cuts
Oil prices have risen by more than 1.5 per cent on Monday on hopes that talks in Beijing can resolve ...
OPEC yet to agree with final deal as Iran seeks exemptions – Sources
Iran appears to be the main obstacle for an OPEC oil output deal on Friday as the group’s leader Saudi ...
Qatar to withdraw from OPEC
Qatar will withdraw from the Organization of the Petroleum Exporting Countries, OPEC, the Gulf nation’s Energy Minister Saad Sherida Al-Kaabi announced on Monday. ...
Oil rises for a fourth day, buoyed by OPEC supply plans
Oil rose for a fourth session in a row on Monday buoyed by the prospect that top exporter Saudi Arabia ...
Trump says Saudi king agrees to ramp up oil production
US President Donald Trump said on Saturday that Saudi Arabia's King Salman had agreed to his request to ramp up ...
OPEC agrees ouput rise of ‘about’ 1 mln barrels
OPEC members have agreed on a combined increase in crude oil output of one million barrels per day, the oil ...