OPEC
Oil prices near $80 as US set to release 50mn barrels of oil to ease energy costs
Oil prices steadied near $80 a barrel on Tuesday after the United States announced plans to release up to 50 million barrels of...
Africa’s top crude oil producer: Libya overtakes Nigeria
With Libya’s oil production rising to 1.24 million bpd in October, it appears the North Africa country has overtaken Nigeria as Africa’s...
We are committed to reducing oil production cost to $10 per barrel – NNPC
For the umpteenth time, the Nigerian National Petroleum Corporation (NNPC) has restated its commitment to paring down the unit cost of...
Oil prices climbs to $43.41 as OPEC+ extends output cuts
Oil prices rose more than 2% early on Monday to their highest in three months after OPEC and its allies including...
OPEC, allies agree to cut nearly 10 million barrels a day
OPEC, Russia and other oil-producing nations on Sunday finalized an unprecedented production cut of nearly 10 million barrels, or a tenth of...
April 9 OPEC+ virtual meeting: Nigeria’s Petroleum Ministry consulting stakeholders on crude market stability, says Sylva
Ahead of April 9 OPEC+ meeting, the Federal Government says it is in consultations with global industry stakeholders and prepared to join...
Oil Price Explosion – Brent Crude Jumps 20%
Oil prices jumped on global markets Sunday night after a wave of weekend drone attacks instantly erased half of Saudi Arabia’s oil production....
Nigeria Restates Commitment to Agreed OPEC, Non OPEC Production Adjustments
Nigeria has reaffirmed its unwavering commitment to production adjustments agreed upon under the Declaration of Cooperation (DoC), between member countries of the...
Kyari thumbs-up OPEC decision on Production cut
Nigeria is in support of the Organization of the Petroleum Exporting Countries (OPEC)’s decision to extend production cuts to 2020, OPEC National Representative...
OPEC chief hails Buhari’s pick for NNPC GMD
The head of the Organisation of Petroleum Exporting Countries on Thursday hailed President Muhammadu Buhari’s appointment of Group General Manager, Crude Oil Stock Management,...
OPEC ‘likely to collapse,’ warns Iran’s oil minister
Iran oil minister Bijan Zangeneh, has warned that OPEC is on the verge of collapse because some members are targeting their fellow producers....
Trump says oil prices too high, blames OPEC
US president Donald Trump on Thursday suggested that the U.S. may reconsider military support for countries in the Middle East if members of OPEC...
“Please stop” tweeting, Iran’s OPEC Minister to Trump
In a statement to Iranian news agency Shana on Thursday, Iran’s OPEC minister, Hossein Kazempour Ardebili, addressed President Trump, who has been demanding...
Oil prices drop as OPEC, Russia set to increase production
Oil prices plunged on Friday as reports said OPEC and Russia are considering lifting production by as much as 1 million barrels a...
Iran To OPEC: Address Rising Output From Nigeria, Libya
[dropcap]I[/dropcap]ran’s Oil Minister Bijan Namdar Zanganeh on Monday said that the Organization of Petroleum Exporting Countries, OPEC, needs to address rising output from Libya...
Kachikwu: Nigeria Will Support Cap on Oil Production
[dropcap]T[/dropcap]he federal government will support a cap on its oil production, minister of state for petroleum, Ibe Kachikwu, said Wednesday. The production cap...
