Tag: opec
Oil price rises, uncertainty lingers ahead of OPEC meeting
Oil prices rose on Thursday ahead of an OPEC meeting in Vienna at which producers are expected to extend a…
OPEC to decide Nigerian, Libyan oil output – Sources
OPEC will debate this week whether to cap oil output from Nigeria and Libya, which have so far been excluded…
Tough OPEC meeting looms amid specter of oil deficit
OPEC is heading for tougher-than-expected policy talks on Thursday amid concern that its efforts to rebalance the oil market might…
OPEC+ Will Continue To Support Nigerian Oil Output
Saudi Energy Minister Khalid al-Falih said Monday that OPEC 10 other major oil producers remained supportive of conflict-torn Libya and…
OPEC compliance with oil cuts at lowest – IEA says
The International Energy Agency (IEA) says OPEC’s compliance with production cuts fell in June to its lowest levels in six…
Nigeria to maintain crude output as cut extended
Nigeria will maintain its crude output of 2.2 million barrels per day, according to the outcome of the Organisation of…
NYSC, Nigeria’s best unification tool – Presidential Adviser
Dr Sheku Kamara, The Sierra Leone Presidential Adviser on Youth has said that the National Youth Service Corps (NYSC) scheme,…
OPEC Extends Oil Output Cut
OPEC decided on Thursday in Vienna to extend cuts in oil output by nine months to March 2018 to further…
Equatorial Guinea joins OPEC
Africa’s third-biggest oil producer, Equatorial Guinea, has been accepted as a new member of the Organisation of the Petroleum Exporting…
Barkindo: OPEC committed to restoring market stability
OPEC Secretary-General Mohammad Barkindo said on Wednesday that all oil producers taking part in a supply-cut pact are committed to…
OPEC figures show oil output cuts exceed pledge in March
OPEC states cut oil output in March by more than they pledged under supply curbs, according to figures the exporter…
OPEC’s war on oil overhang starts to bear fruit
OPEC appears to be slowly winning the battle against a global overhang of crude and oil products as inventories in…
Oil price hits 18-month highs of $58.37
Oil prices hit 18-month highs on Tuesday, the first trading day of 2017, buoyed by hopes that a deal between…
Oil prices rise as markets eye production cuts
Oil prices rose on Tuesday, the first trading day of 2017, buoyed by hopes that a deal between OPEC and…
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Oil prices soar to $58 on global output cut deal
Oil prices shot up over four per cent to their highest level since 2015 early on Monday after OPEC and…
Oil rises on hopes for non- OPEC output cuts
Oil prices extended gains on Friday on optimism that non-OPEC producers would agree to cut output following a cartel agreement…
Oil hits $55.33 after OPEC agreement
Crude rose above 55 dollars a barrel on Monday as rising prospects of a tightening market after last week’s OPEC…
Oil prices surge as OPEC and Russia agree
An agreement between oil producer club OPEC and Russia to produce less to drain a global glut sent prices soaring…
Oil prices rise ahead of OPEC meeting
Oil rises on Wednesday ahead of an OPEC meeting later in the day, with members of the producer cartel trying…
OPEC meets in Vienna to discuss on production
Members of the Organisation of Petroleum Exporting Countries (OPEC) on Friday met in Vienna for talks about a possible freeze…
Kachikwu’s diplomatic shuttle aids Barkindo’s emergence as OPEC’s Scribe
The Nigerian National Petroleum Corporation (NNPC) said diplomatic shuttles by the Minister of state for Petroleum Resources, Dr Ibe Kachikwu,…
Nigeria’s Mohammed Barkindo becomes OPEC scribe
Nigeria’s Mohammed Barkindo will serve as the Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), for the next…
Ex-NNPC MD set to be named OPEC secretary-general
The Organization of the Petroleum Exporting Countries (OPEC) is likely to choose Nigeria’s Mohammed Barkindo, a former head of state…
OPEC will achieve freeze on crude oil supply – Kachikwu
Minister of Petroleum Resources, Dr Ibe Kachikwu has expressed hope that Organisation of the Petroleum Exporting Countries (OPEC) will achieve…
OPEC members must cooperate to stabilise market – Buhari
President Muhammadu Buhari on Sunday in Doha emphasised the need for member states of Organisation of Petroleum Exporting Countries (OPEC)…
OPEC members increasingly keen to end oil surplus – Kachikwu
The mood inside the Organization of the Petroleum Exporting Countries (OPEC) is shifting from mistrust to a growing consensus that…
Crude oil rises after Russia agree OPEC talks
Crude oil rose on Wednesday, paring earlier losses, after fresh comments from Russia about its openness to talk with OPEC…
Oil Price: A Golden opportunity for Nigeria to lead globally
David O. Kuranga, Ph.D. Even before sanctions on Iran are lifted, global oil prices have fallen to 30 dollars, with…
UAE counters Kachikwu, says no need for OPEC emergency meeting
The United Arab Emirates moved to quash talk of a potential emergency meeting of the Organization of the Petroleum Exporting…
OPEC members request emergency meeting – Kachikwu
Nigeria’s oil minister said on Tuesday that a “couple” of members of the Organization of the Petroleum Exporting Countries (OPEC)…