OPEC hints of a drop in Nigeria’s oil output
THE Organisation of Petroleum Exporting Countries, OPEC, has disclosed that Nigeria’s oil output dropped to 1.811 million barrels per day, bpd, in October, 2019 from 1.848 bpd in the previous month.
Nigeria’ll abide by OPEC oil cut agreement — NNPC
The Nigerian National Petroleum Corporation, NNPC, yesterday, stated that the country is a commitment to production adjustments agreed upon under the Declaration of Cooperation, DoC, between member countries of the Organization of the Petroleum Exporting Countries, OPEC and Non-OPEC countries, in July 2019.
Nigeria’s rig count remains unchanged, as OPEC appreciates by two
For three months running, Nigeria’s rig count remained unchanged at 14 for the month of June, the same number it recorded in May and April, while the Organisation of Petroleum Exporting Countries (OPEC), appreciated by two, having recorded 576 in June, as against 574 recorded in May.
Price of Bonny Light hits $66.04pb
THE price of Bonny Light, Nigeria’s premium oil grade, yesterday, inched up further to $66.04, from $64.00 as the Organisation of Petroleum Exporting Countries, OPEC, continues to remove excess oil from the market.
Barkindo gets another three years as OPEC Secretary General
THE Organisation of Petroleum Exporting Countries, OPEC, has renewed the term of office of Mr. Mohammad Barkindo as Secretary General for a further period of three years, in line with Article 28A of the OPEC Statute, with effect from 1 August 2019.
Nigeria, Saudi Arabia, others sign new OPEC Charter
The Organisation of the Petroleum Exporting Countries (OPEC) and the non-member countries of the organisation (OPEC+), on Tuesday, signed a draft `Charter of Cooperation’ in a bid to further strengthen their partnership.
OPEC to meet July 1 and 2 after several postponements
Major oil-producing countries meet in Vienna on July 1 and 2, the OPEC website and a delegate said Wednesday, after the biannual gathering had been postponed several times.
Price of Bonny Light drops to $73.58 as OPEC plans to stabilise market
THE price of Bonny Light, Nigeria’s premium oil grade has dropped from $74.00 to $73.58 as the Organisation of Petroleum Exporting Countries, OPEC, plans action to achieve market stability.
OPEC considers two scenarios to adjust oil production
The Organisation of the Petroleum Exporting Countries and its allies are set to debate at least two scenarios that would increase oil production beyond current levels, according to sources.
OPEC’s April oil supply down to 30.23mbpd
The Organisation of Petroleum Exporting Countries, OPEC’s April supply dropped to 30.23 million barrels per day (bpd) showing a four-year low.
OPEC tries to depoliticize oil, Barkindo says in Tehran
OPEC Secretary-General Mohammad Barkindo said on Thursday in Tehran that “OPEC tries to depoliticize oil”, Iran’s oil ministry reported on Twitter.
