Tag: opec
Libya topples Nigeria as Africa’s top oil producer
Libya has overtaken Nigeria as Africa’s top oil producer, according to a new report by the Organisation of the Petroleum…
Oil prices rise again amid global energy crisis
The Organisation of the Petroleum Exporting Countries (OPEC) and allies, together called OPEC+, last week decided to maintain a steady…
OPEC Secretary Barkindo congratulates Buhari on PIB
He added that the enactment of the legislation was timely as the investment outlook had become clouded by efforts aimed…
OPEC+ agree to boost oil supply, Nigeria awaits new quota
OPEC+ ministers agreed on Sunday to boost oil supply from August to cool prices which have climbed to 2-1/2 year…
OPEC+ ministers meet today
OPEC+ ministers are meeting virtually today to agree an oil supply boost to address soaring oil prices as the global…
Sylva jets out on OPEC mission to four nations
The Minister of State for Petroleum Resources, Chief Timipre Sylva, has embarked on a tour to some Organisation of Petroleum…
NNPC restates commitment to OPEC Agreement
The Nigerian National Petroleum Corporation (NNPC) has reiterated its commitment to abide by the output cut agreement of the Organization…
Big boost for Nigeria as oil prices near $50 per barrel
Nigeria's precarious economy may hit an upswing earlier than forecast as oil prices headed Friday for a fifth week of…
Nigeria has 200 million poor people – Buhari admits
President Muhammadu Buhari on Thursday admitted that Nigeria has 200 million poor people and asked the Organisation of Petroleum Exporting…
OPEC+ gives oil prices another jack up
OPEC+ decision to stick to production quotas jacked up oil prices for the fourth day in a row on Friday,…
OPEC is 60 today: Barkindo reveals the driving spirit
Throughout OPEC's 60-year history one recurring theme that has guided the Organization’s work to support sustainable oil market stability is…
Nigeria fully complies with OPEC+ quota: Mele Kyari
With its current daily oil production, Nigeria has over-complied with its OPEC+ quota, Mele Kyari, the group managing director of…
Trump says OPEC+ planned output cut 20 mbpd
Top global oil producers are considering output cut of 20 million barrels a day under the terms of a deal…
Nigeria pegs oil output at 1.412m barrels a day: Sylva
Nigeria is set to peg its daily oil output at 1.412 Million barrels per day from the average 1.87mbd, petroleum…
Oil producers agree record 9.7m barrels output cut
Top oil-producers agreed Sunday on "historic" output cuts in a bid to boost plummeting oil prices due to the new…