Tag: opec
Venezuela president orders budget cuts after OPEC decision
Venezuelan President Nicolas Maduro said Friday his government would slash the budget of his oil wealth-dependent nation, as crude prices…
Oil losses continue after OPEC maintains output
Oil extended losses in Asian trade Friday after the OPEC cartel refused to cut production despite a global glut that…
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OPEC Elects Diezani Alison-Madueke As President
Ayorinde Oluokun/Abuja The Organisation of the Petroleum Exporting Countries OPEC on Wednesday at its ongoing 166th Ordinary meeting elected, Nigeria’s…
Oil extends losses ahead of key OPEC meeting
Oil prices retreated further in Asia Thursday on expectations the OPEC cartel will keep production at present levels despite pressure…
Oil prices nudge higher as OPEC meets to discuss cut
Oil prices nudged higher Tuesday as many dealers bet that the OPEC cartel is unlikely to agree on any cuts…
OPEC to keep production ceiling at summit
OPEC will keep its production ceiling steady at its “toughest ever” meeting this month, a former adviser to oil kingpin…
Oil prices linger amid OPEC output cut speculation
Oil prices traded mixed Tuesday as the market gauged the outlook for an OPEC oil production cut amid abundant global…
Now That Our Oil Exportation Is Threatened
The discovery of shale oil and its sudden boom in the United States of America is not doing Nigeria, one…
OPEC trims 2014 oil demand growth forecast
The OPEC oil cartel trimmed its 2014 forecast for global oil demand growth on Friday after weaker-than-expected economic growth in…
Jonathan wants Nigeria, OPEC nations to strengthen ties
President Goodluck Jonathan on Thursday, called for closer ties between Nigeria and other members of the Organisation of Petroleum Exporting…
Lukman, ex-OPEC Sec Gen, Petroleum Minister Dies
By Femi Adi/Kaduna Alhaji Rilwanu Lukman, former Secretary General of Organization of the Petroleum Exporting Countries, OPEC and also a…
Diezani nominated as OPEC secretary-general – Iraqi Oil Minister
Iraqi Oil Minister, Abdelkarim al-Luaybi on Tuesday 10 June claimed that Nigeria had nominated Petroleum minister, Diezani Alison-Madueke, to succeed…
Oil prices rise on eve of OPEC meeting
Oil prices rose further on Tuesday, the eve of OPEC’s meeting to decide on crude output levels, while energy market…
OPEC maintains 30m bpd ceiling
OPEC agreed on Wednesday to hold its crude production ceiling at 30 million barrels per day despite oversupply concerns and…
Shell Again Shuts Major Oil Pipeline
Shell has shut a major pipeline in Nigeria for the second time in less than a month after locating another…