Oil and Gas
Nigeria, Others Risk 85% Drop In Oil Revenue – OPEC, IEA
Nigeria and other developing countries that rely heavily on oil revenue are set to witness a decline as their income...
How OPEC’s Coronavirus Cuts Affect Ocean Shipping
The market expected a new coronavirus-induced 1 million-barrel-per-day (b/d) production cut from OPEC+, the coalition of OPEC and participating non-OPEC...
OPEC Resorts To Production Cuts To Curb COVID-19 Impact On Oil Demand
Responding to the ongoing oil demand situation, OPEC members proposed today to cut oil production by 1.5 million barrels per...
Nigeria To Cut Crude Oil Output In Line With OPEC
The Group Managing Director, Nigerian National Petroleum Corporation (NNPC) Mr. Mele Kolo Kyari, has said that Nigeria will have to...
Saudi, Russia Call For Better Compliance With OPEC Oil Cuts
Saudi Arabia and Russia on Thursday called on OPEC members and its allies to better comply with oil production cuts.The...
OPEC Declares Support for Global Maritime Security Conference in Nigeria
The Organisation of Petroleum Exporting Countries (OPEC) has commended the Federal Government of Nigeria for accepting to host the upcoming...
Nigeria Reaffirms Commitment To OPEC Production Agreement
Nigeria has reaffirmed its commitment to production adjustments agreement under the Declaration of Cooperation (DoC).The agreement was reached between member...
OPEC Congratulates Kyari On His Appointment
The Organization of the Petroleum Exporting Countries (OPEC) has congratulated Mr. Mele Kolo Kyari on his appointment as the new...
Nigeria Earns $236bn From Petroleum Exports In Five Years—-OPEC
Nigeria, Africa’s top oil producer, earned a total of $236.15bn from petroleum exports over the last five years, a new...
OPEC Cuts Extension To Keep Brent Above $70 In Q2
Brent crude prices will hold above $70 a barrel during the second quarter, according to 89% of those polled in...
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