Tag: 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)…
Demand for OPEC crude to rise by 1.2m barrels daily in 2016 – Kachikwu
Dr Ibe Kachikwu, the President, Organisation of Petroleum Exporting Countries (OPEC), says the demand for OPEC crude is expected to…
OPEC says cheap oil taking longer to subdue rival suppliers
LONDON, (Reuters) – OPEC on Tuesday raised its forecast of oil supplies from non-member countries in 2015, a sign that…
Oil price won’t rise even with reduced production quota – OPEC
Organisation for Petroleum Exporting Countries (OPEC) has said that prices for oil would not significantly rise even if the cartel’s…
OPEC Sees Oil Drop As Short-Term, Expects Stronger Demand
A drop in oil prices this month is likely to be short-term and will not deflect OPEC from its policy…
OPEC Sees More Balanced Oil Market In 2016
The oil market should be more balanced next year as China and the developing world use more oil while supply…
Oil prices rise after OPEC keeps low output target
Oil prices rose on Friday, breaking a two-day losing streak, after OPEC ministers kept their existing oil production target for…
Alison-Madueke’s Brother Kidnapped
Gunmen kidnapped the younger brother of Nigeria’s oil minister and current OPEC president Diezani Alison-Madueke in southern Bayelsa State on…
Oil prices extend gains as OPEC cuts output forecast
Oil prices advanced further on Monday as OPEC forecast a reduction in US output amid a dip in North American…
OPEC cannot protect oil price, says UAE
OPEC cannot protect world oil prices which have plunged since June, the United Arab Emirates said on Tuesday, adding that…
End Of National Cake
By Oyebanji Oluwagbenga Crude oil was discovered during the pre-independence era in Nigeria. Oil price first rose in 1973 from…
Of OPEC’s Chairmanship, Oil Theft And MT Patience
By Erasmus Ikhide The Organisation of Petroleum Exporting Countries, OPEC announced her demise for electing Diezani Alison-Madueke, Nigeria’s Minister of…
OPEC boss, Diezani, says cartel facing ‘challenging’ time
OPEC is facing a challenging time due to the fall in oil prices and many members and non-members are “suffering…