OPEC oil output rises by 88,000 bpd in September
The Organisation of Petroleum Exporting Countries, OPEC, crude oil output has risen from 32, 659 million barrel per day (bpd) to 32.748 million (bpd), showing an increase of 88,000 bpd or 0.3 percent in September 2017.
Nigerian Olusegun Adekunle appointed OPEC board Chairman
The Organisation of Petroleum Exporting Countries (OPEC) on Friday, announced the appointment of Mr Olusegun Adekunle as the Alternate Chairman of the Economic Commission Board.
OPEC appoints Nigerian Alternate Chairman Economic Commission Board
The Organisation of Petroleum Exporting Countries (OPEC) on Friday, announced the appointment of Mr Olusegun Adekunle as the Alternate Chairman of the Economic Commission Board.
Equatorial Guinea lauds Nigeria’s role in joining OPEC
Mr Gabriel Lima, the Minister of Mines, Industry and Energy of the Republic of Equatorial Guinea, has lauded Nigeria’s role in its recent admittance into the Organisation of Petroleum Countries (OPEC).
OPEC excludes Nigeria, Libya in 1.8m bpd oil output cut
The Organisation of Petroleum Exporting Countries, OPEC, has extended its oil output cuts of 1.8 million barrels per day, bpd, by nine months to tackle oversupply and achieve increased stability in the market, excluding Nigeria and Libya.
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.
Nigeria to maintain crude output as OPEC extends crude cut
Nigeria will maintain it’s output of 2.2 million barrels per day, according to the outcome of the Organisation of Petroleum Exporting Countries (OPEC) meeting in Vienna.
Nigeria accepts OPEC’s production ceiling, but..
Minister of State, Petroleum Resources Emmanuel Kachikwu said on Thursday that conceptually Nigeria was not opposed to joining OPEC production caps but would have to wait and see if production came back to acceptable levels.
Oil prices hit over $54 per barrel as OPEC meets in Vienna
Crude oil prices have risen from $53 to over $54 per barrel, the highest this year, as a result of speculation over the effectiveness of the Organisation of Petroleum Exporting Countries’ OPEC, meeting today.
OPEC, non-OPEC members hold informal talks on new oil cuts
OPEC and non-OPEC ministers would meet on Wednesday for informal consultations in Vienna in a last-ditch bid to agree the duration of oil output cuts.
OPEC, non-OPEC hold informal talks to nail new oil cuts
OPEC and non-OPEC ministers would meet on Wednesday for informal consultations in Vienna in a last-ditch bid to agree the duration of oil output cuts.
OPEC engages non-OPEC members, consumers to stabilise oil market
THE Organisation of the Petroleum Exporting Countries (OPEC) has opened discussions with non-OPEC members as well as consumers to achieve stability in the global oil market.
OPEC extension falls apart at the seams?
The U.S. Energy Information Administration revealed that domestic crude supplies fell for a fourth consecutive week by 900,000 for the week ending April 28 through inventories still strong despite OPEC crude oil exports dropping on the aggregate in April
Crude deal: Nigeria to seek extension with OPEC
The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, says Nigeria will seek for a further six-month extension of its exemption from reducing oil production granted by the Organization of Petroleum Exporting Countries (OPEC).
Danger as some non-OPEC members still over-produce oil – Barkindo
THE Organisation of Petroleum Exporting Countries, OPEC has raised alarm that the volatile market remains under threat because of an alleged over-production of non-OPEC members.
World oil demand to rise – OPEC
The Organisation of Petroleum Exporting Countries (OPEC) has said demand for oil around the world is expected to rise.
