The Nigerian National Petroleum Corporation, NNPC, yesterday, said it has appointed Mallam Mele Kyari, Group General Manager in charge of its Crude Oil Marketing Division, as Nigeria’s National Representative to the Organization of the Petroleum Exporting Countries (OPEC).

For Congo, OPEC membership means greater access to information, partnerships, contacts and a voice at the decision-making table. But, perhaps more than ever, it is OPEC that is to benefit from the rise in African political voices, particularly that of Congo.

Despite innovations, there are indications that oil and gas would continue to dominate the global energy mix, at least in short and medium term. Consequently, many nations, including African countries have resolved to invest massively in oil and gas exploration and production, targeted at making new finds, increasing reserves and production capacity to guarantee commercial supplies to domestic and global market.

US oil producers are reaping the benefits of OPEC’s efforts to balance the crude market by flooding Europe with a record amount of crude, hurting traditional suppliers such as Nigeria

OPEC Secretary-General Mohammad Barkindo said Friday that the cartel was not seeking to artificially drive oil prices higher in spite of such claims made by U.S. President Donald Trump.

Mohammad Sanusi Barkindo, Secretary General, Organisation of Petroleum Exporting Countries, OPEC has described the late Dr.  Alirio Parra, former Energy and Mines Minister of Venezuela as a true OPEC pioneer and great oil industry innovator.

The Organisation of Petroleum Exporting Countries (OPEC), has commended Nigeria for ranking third among member countries in data submission.

The prices of Bonny Light, Nigeria’s premium oil grade and others have leaped in excess of $70 per barrel in the international market as the Organisation of Petroleum Exporting Countries, OPEC continue to enforce its oil cut compliance.

Singapore – Oil prices were firm on Wednesday, receiving ongoing support from healthy economic growth as well as from supply restrictions led by a group of producers around the Organisation of the Petroleum Exporting Countries (OPEC) and Russia.

The global oil market was very unstable in 2017, as a result of many factors, especially over-supply, speculation and politics, thus causing anxiety in major oil producing nations such as Nigeria, Algeria, Angola, Ecuador, Equatorial Guinea, Gabon, Islamic Republic of Iran, Iraq, Kuwait, Libya, Qatar, Saudi Arabia, United Arab Emirate and Venezuela.