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Tag: OPEC
Nigeria Reaffirms Committed To OPEC+ Production Adjustment — Kyari
The Group Managing Director, GMD Nigerian National Petroleum Corporation, NNPC, Mallam Mele Kyari has said that Nigeria remained committed to the production adjustments agreed...
OPEC Daily Basket Price For July 10, 2019 Stood At $66.10pb
Vienna, Austria, 11 July 2019--The price of OPEC basket for crudes stood at $66.10 a barrel on Wednesday, compared with $64.35 the previous day, according...
Oil, Gas Critical To Climate Change Solution – OPEC
Peace Obi
The Organisation of the Petroleum Exporting Countries (OPEC) said on Monday that oil and gas remained part of key solutions in combating climate...
New NNPC GMD, Management Team Assume Duty Today
The new Nigerian National Petroleum Corporation (NNPC) Group Managing Director, Mr Mele Kolo Kyari and his management team will assume duty today at the...
OPEC Re-elects Barkindo As Sec-Gen; Seeks Global Oil Cut
Vienna – The Organization of Petroleum Exporting Countries (OPEC ) on Monday night announced the re-election of Nigeria’s Mohammed Barkindo as Secretary General for...
Oil price Hits $66 As Stakeholders Signal Continued Output Cuts
The prices of oil surged to a five-week high on Monday after Saudi Arabia and Russia signalled an extension of the non-members of the...
OPEC daily basket price Monday, 8 April 2019
The price of OPEC basket of fourteen crudes stood at $70.33 a barrel on Monday, compared with $69.02 the previous Friday, according to OPEC...
OPEC commends Nigeria, others for contributing towards oil market rebalancing
Peace Obi
The Organization of Petroleum Exporting Countries, OPEC has commended the effort Nigeria and some other African countries have put up helping to stabilize...
Nigeria breaches OPEC oil quota despite pledge to cut production
Chibisi Ohakah, Abuja
Nigeria is believed to have pumped more crude oil in February than the quota allocated to the country by the Organisation of...
OPEC pursues formal pact with Russia
Saudi Arabia and the United Arab Emirates (UAE) are trying to lock in Russia and other non-OPEC allies into several years of co-operation for...
OPEC daily basket oil price closes at $60.90 per barrel
The price of OPEC basket of fourteen crudes stood at $60.90 a barrel on Friday, compared with $60.22 the previous day, according to OPEC Secretariat calculations.
The...
Again, Oil price hits low at $69 as OPEC predicts demand...
The price of crude oil, which has been on a steady slide in the past three weeks, yesterday dropped further from $71 per barrel...
Nigerian crude oil to rise to 2.2mbpd in 2019
Peace Obi
Baring any unforeseen circumstances and the eventual start up of the Total-operated Egina FPSO, the Nigerian crude oil production has been projected to...
OPEC has become an indispensable ‘organ of stability’ in the oil...
OPEC has become an indispensable ‘organ of stability’ in the oil market, Mohammad Sanusi Barkindo, OPEC Secretary General said at the Algeria Future Energy...
Libya Lifts Oil Production After Restarting Fields
Libya has restarted three small oil fields and added around 10,000 bpd to its oil production—which has been steadily rising over the past two...
Why Nigeria will remain an important player in global oil market...
Nigeria’s representative in Organization of Petroleum Exporting Countries (OPEC), Mele Kyari, has said the country cannot be ignored in the global oil market due...
JMMC expresses satisfaction with developments in the oil market
No 22/2018
Vienna, Austria
25 Oct 2018
The Joint Ministerial Monitoring Committee (JMMC) reviewed the monthly report prepared by its Joint Technical Committee (JTC), including the overall...
US legal threat prompts change at OPEC
The Organisation of Petroleum Exporting Countries has urged its member nations, not to mention oil prices when discussing policy in a break from the...
Oil turns lower as weaker demand outlook weighs
Oil prices gave back early gains and turned lower on Friday after the International Energy Agency (IEA) deemed supply adequate and the outlook for...
Oil falls from four-year highs; Wall Street weighs
Oil prices fell on Thursday as the prospect of increased crude production from Saudi Arabia and Russia prompted profit-taking the day after futures hit...
