Home Topics OPEC
OPEC Secretary General Mohammed Barkindo has discussed the oil market development with the head of the International Energy Agency Fatih Birol on Monday after the attacks on Saudi oil facilities, an OPEC source told Reuters.
The Tadawul All-Shares Index, which tracks the Arab world’s largest capital market, sank three per cent, shedding some 200 points in the first few minutes before regaining some of the losses.
Minister of State for Petroleum Resources, Chief Timipre Sylva, says that Nigeria will cut down on its crude oil production to comply with the targets set by the Organisation of Petroleum Exporting Countries (OPEC).
Saudi Arabia and Russia on Thursday called on OPEC members and its allies to better comply with oil production cuts.
Oil futures hit a six-week high on Tuesday, rising for a fifth day on optimism that OPEC and other countries may agree to extend production cuts in a bid to support prices.
Oil rose on Monday on expectations that Saudi Arabia, the world’s largest oil exporter, will continue to support output cuts by OPEC and other producers to prop up prices under new Energy Minister, Abdulaziz bin Salman.
Nigeria’s President Muhammadu Buhari swore members of his cabinet into office on Wednesday, assigning a new minister of state for petroleum in Africa’s top producer of crude oil in a cabinet of 43 ministers.g
The recent onshore discovery made in the Delta de la Cuvette deposit in the Republic of Congo is a game-changer for Congo and Africa. The discovery was announced on August 10th by SARPD Oil and PEPA, a Congolese consortium working as operators on the Block.
This is as NNPC and the National Oil Spill Detection and Response Agency (NOSDRA) have assured of robust collaboration to urgently mitigate incidences of oil spill across the country.
The execution of Nigeria’s N8.91 trillion 2019 budget is being threatened as the price of Bonny Light, the nation’s premium oil grade slides further from $60.86 to $57.21 per barrel, indicating a drop of $3.65.
The ten remaining housemates were called into the diary room for the usual nomination process, with each of them nominating two housemates each.
Nasarawa United hitman Ibrahim Sunusi says he’s ready to improve from his performance of last season in the Nigeria Professional Football League, where he scored ten goals.
Evicted Housemate, Khafi Kareem, says she loves her partner Gedoni Ekpata and felt so much peace around him whilst in the BBNaija Reality show.
A High Court sitting in the Federal Capital Territory (FCT) Abuja, on Monday, fixed October 24 for ruling on the suit filed before it by the Buhari Campaign Organisation (BCO) seeking N40 million damages from the presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar, for alleged libelous claims against President Muhammadu Buhari.
Allen Onyema, Chairman, Air Peace, has been commended for rescuing Nigerians in South Africa over the ongoing xenophobic crisis in that country.
Activist-lawyer Femi Falana (SAN) on Tuesday said Shiite members have the right to practice their religion.
The Economic and Financial Crimes Commission, EFCC, Ibadan zonal office, has arrested two suspected internet fraudsters who specialize in stealing people’s identities online to defraud foreign nationals.
Italy has agreed to allow rescue ship Ocean Viking to disembark 82 migrants in the southern port of Lampedusa, the SOS Mediterranee charity which runs the vessel said Saturday.
Brendan Rodgers says a ‘soft’ penalty decision resulted in Manchester United picking up all three points in their victory over Leicester.
Spokesman, Rivers Police Command, Nnamdi Omoni, confirmed that the latest incident, fifth in recent time, happened in a hotel in Omoku, headquarters of Ogba, Egbema, Ndoni Local Government Area of the state.