Tag: opec
Bad News for Nigeria, OPEC: Oil prices could fall to $40 in 2020
It's bad news for Nigeria and other OPEC countries and Russia as they meet in Vienna on 5 December to…
Brazil mulls joining OPEC
Brazilian President Jair Bolsonaro said on Wednesday that he wants his country to join OPEC, a move that would add…
Nigeria, others sign new OPEC Charter
Member and Non member nations of the Organization of Petroleum Exporting Countries( OPEC) on Tuesday signed a “Charter of Cooperation”…
Kyari lauds OPEC’s 9 months extension for Oil Production Cut
The incoming Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mr. Mele Kyari, has hailed the leadership of the…
OPEC lauds improving oil market conditions
President, Organization of the Petroleum Exporting Countries (OPEC), Mr. Salvador Fernandez, on Monday applauded the improving oil market conditions being…
Oil prices drop as traders await G20, OPEC meetings
Some of the previous session’s strong oil gains recorded have been erased on Thursday as oil prices fell, owing to…
Oil slips to $71, hit by talk of higher OPEC production
Brent oil slipped to around 71 dollars a barrel on Tuesday, pressured by expectations of higher U.S. inventories and concern…
Oil prices pressured by economic slowdown
Oil prices were on Wednesday weighed down by economic growth concerns that dampened the outlook for fuel consumption, but supported…
Oil prices rise as OPEC cuts supply
Oil prices were near 2019 highs on Tuesday, supported by supply cuts led by producer club OPEC.
Oil prices rise as OPEC cuts supply
Oil prices rose on Monday, buoyed by output cuts by OPEC and reports that the United States and China are…
Oil slips away as surging U.S. supply undermines OPEC cuts
Oil prices slipped away from 2019 highs on Wednesday, with surging U.S. supply and slowing economic growth tempering upward pressure…
Oil prices rise amid OPEC-led supply cuts
Oil prices rose on Tuesday amid OPEC-led supply cuts and U.S. sanctions against Iran and Venezuela, although analysts expect surging…
Oil cut: OPEC waits for Russia
OPEC has made a planned cut in oil output effectively conditional on the contribution from non-OPEC producer Russia, delegates said…
Oil prices fall amid stock market slide
Oil prices fell along with weak stock markets on Thursday, but trading was tepid ahead of a meeting by the…
Qatar’s Decision to Quit OPEC Shows Frustration With Saudi Arabia -Iran
Iran says Qatar’s decision to quit the Organisation of the Petroleum Exporting Countries (OPEC) shows frustration of small crude producers…