OPEC: production cut extends, Nigeria exempted
The Organisation of Petroleum Exporting Countries ( OPEC ) has agreed to further extend the agreement to cut global oil production by 1.2 million barrel per day till April, 2018.
Global energy demand to increase by 40% — OPEC
By 2040, almost 63 percent of global energy demand will stem from developing countries, compared to the current share of 51 percent
Nigeria posts biggest decline as OPEC output falls
By Sebastine Obasi, with agency report ABUJA— NIGERIA recorded the biggest oil production decline among Organisation of Petroleum Exporting Countries, OPEC, members last December, as output dropped by 200,000 barrels to 1.45 million barrels per day, bpd, industry sources said. This is even as OPEC’s crude production fell by 310,000 barrels a day, as unplanned […]
Venezuela set to Cut 95,000 bpd Crude Output in OPEC Deal
Venezuela said it will cut 95,000 barrels per day of oil production in the New Year in fulfillment of a producers’ deal to reduce global output and strengthen prices.
Why Nigeria was exempted from OPEC’s output cut — Petroleum Ministry
The Ministry of Petroleum Resources, yesterday, disclosed that the decision of the Organisation of Petroleum Exporting Countries, OPEC, to exempt Nigeria from the oil output cut deal was as a result of strategic negotiations and the worrying incidences of vandalisation of the country’s petroleum installations.
Nigeria, Libya recovery takes OPEC production to new high
ORGANISATION of Petroleum Exporting Countries, OPEC, crude output rose by 230,000 barrels per day to a record 33.83 million barrels per day, mb/d, in October after production recovered in Nigeria and Libya and flows from Iraq hit an all-time high, the International Energy Agency, IEA, stated.
