Tag: opec
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…