opec

OPEC on tightrope as output target talks prompt clash

OPEC on tightrope as output target talks prompt clash

OPEC energy ministers scrambled to hammer out a compromise on oil output policy Friday as they debated a Saudi proposal to ramp up production that has encountered fierce resistance from sanctions-hit Iran.
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OPEC oil output falls by 300,000 bpd in November

OPEC oil output falls by 300,000 bpd in November

Despite recent improvements in crude oil trade at the International market, Nigeria, Angola, Iraq and other OPEC countries, recorded a fall in oil output by 300,000 barrels per day, bpd, in November.

Obaseki presents 146bn 2018 budget to Edo Assembly

Obaseki presents 146bn 2018 budget to Edo Assembly

OPEC will debate this week whether to cap oil output from Nigeria and Libya, which have so far been excluded from supply curbs due to falling production amid unrest, two sources with knowledge of the matter said on Wednesday.