A Nigerian newspaper and Online version of the Vanguard, a daily publication in Nigeria covering Nigeria news, Niger delta, general national news, politics, business, energy, sports, entertainment, fashion,lifestyle human interest stories, etc
Oil prices jumped higher Thursday after OPEC+ countries allowed crude production to rise only slightly, while US stocks unwound over concerns about rising inflation despite the Federal Reserve’s attempt to allay fears. After a videoconference lasting less than three hours, the OPEC groups of oil producers and its allies decided to extend output cuts enacted
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By Udeme Akpan THE Organisation of Petroleum Exporting Countries, OPEC, has stressed that the estimated 4.8 per cent global growth will culminate in oil market stability this year. This is even as the price of Bonny Light, Nigeria’s premium oil grade, dropped from $65.70 to $63.11, while OPEC Basket, and other crudes also dropped marginally
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Oil prices rose on Wednesday, boosted by expectations that OPEC+ producers might decide against increasing output when they meet this week. Signs of progress in the coronavirus vaccine rollout in the United States gave further support. Brent oil was up $1.28, or two per cent, to $63.98 a barrel by 1050 GMT. U.S. West Texas
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By Prince Okafor Nigeria’s grade of crude oil, Bonny Light, yesterday, witnessed a marginal rise of $1.63 cent, or 2.56 percent rise to $65.36 per barrel from the previous day, giving further relief to the nation’s budget benchmark, even as Organisation of the Petroleum Exporting Countries Plus (OPEC+) mulls oil production increase. This development, according
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The Minister of State for Petroleum Resources, Chief Timipre Sylva, has embarked on a four-day journey to some Organisation of Petroleum Exporting Countries (OPEC) to discuss issues on crude oil production cut. In a statement by his special Adviser on Media, Alhaji Garba Deen Muhammad, on Friday, in Abuja, the countries include Equatorial Guinea, Gabon,
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…You can’t singlehandedly sign off such huge amount-Lawmakers …It’s the practice overtime -Perm Sec By Levinus Nwabughiogu House of Representatives and the Ministry of Finance on Tuesday got into argument on the payment procedure of N2.8 billion to the Organization of Petroleum Exporting Countries (OPEC) in 2017. While the lawmakers favoured recourse to an official
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Oil prices rose to over $58. 17 per barrel on Wednesday in the international market following commitment to output cut by members of the Organisation of Petroleum Exporting Countries, OPEC, and non-members.
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AS members of the Organisation of Petroleum Exporting Countries, OPEC, and non-members commit to oil output cut, oil prices, Tuesday, rose to over $57 per barrel in the international market.
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By Obas Esiedesa WITH Nigeria’s oil production restricted to 1.74 million barrels per day by the Organization of the Petroleum Exporting Countries, OPEC, the Nigerian National Petroleum Corporation (NNPC) says it will focus on increasing gas and condensate productions to boost revenue for the country. The Corporation’s Group Managing Director, Mallam Mele Kyari who disclosed
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By Udeme Akpan The Price of Bonny Light, Nigeria’s premium oil grade, has risen to $54.11 per barrel, apparently, the highest in 2021, as the Organisation of Petroleum Exporting Countries, OPEC, and others move to achieve stability in the market. This showed an excess of $14 per barrel when compared to the $40 per barrel
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