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Organisation of Petroleum Exporting Countries
The Nigerian National Petroleum Corporation (NNPC) says it is taking legal action against a Mexican international oil firm which it accused of being a crime syndicate, SAMANO SA DE CV, and its officials over attempts to swindle the Nigerian government of over $125 million.
For the first time in many years, the Organisation of Petroleum Exporting Countries, OPEC, has confirmed Nigeria’s ability to cut its output from 1.7 million barrels per day, mb/d in May to 1.4mb/d in June 2020.
A global credit ratings agency, Fitch Ratings, has said Nigeria’s compliance with the oil production cut deal led by the Organisation of Petroleum Exporting Countries will lead to deeper economic contraction and fiscal deficits.
The Organisation of Petroleum Exporting Countries, OPEC, and non-OPEC Meeting has taken far-reaching decisions, targeted at achieving stability in the global market.
Top oil-producers agreed Sunday on “historic” output cuts in a bid to boost plummeting oil prices due to the new coronavirus crisis and a Russia-Saudi price war.
The Organisation of Petroleum Exporting Countries (OPEC) and its non-OPEC allies, led by Russia, on Sunday finally agreed to cut members’ crude oil production by 9.7 million barrels per day.
Saudi Arabia and Russia Thursday ended their oil war that has shaken the global oil markets and negatively affected many oil-reliant economies, including Nigeria.
Nigeria may soon slip out of reckoning as a profitable oil producer in the Organisation of Petroleum Exporting Countries (OPEC) if crude oil prices decline further by at least another $3.
The Organisation of Petroleum Exporting Countries, OPEC, has adopted measures, targeted at preventing the spread of Coronavirus, as the 178th Extraordinary Meeting of OPEC Conference and the 8th OPEC and non-OPEC Ministerial Meeting open in Vienna, Austria.
Oil ministers from the Organisation of Petroleum Exporting Countries (OPEC) on Wednesday defied the global scare of the deadly coronavirus to hold its crucial meeting in Vienna, Austria.
Oil prices rose on Thursday, buoyed by a potential breakthrough in the Sino-U.S. trade war and OPEC-led efforts to constrain supply, although trading was quiet as many markets were in holiday mode.
China is running hundreds of detention centres in northwest Xinjiang across a network that is much bigger than previously thought, according to research presented Thursday by an Australian think tank.
Leicester City boss Brendan Rodgers says he’s impressed with the effort of Kelechi Iheanacho and other players who featured against Arsenal on Wednesday.
Bayern Munich midfielder Javi Martinez is willing to take a pay cut to re-join Athletic Club Bilbao this month but negotiations have stalled, as per Marca.
Tiger Woods will defend his Zozo Championship title next month at Sherwood Country Club in California, the PGA Tour said on Wednesday.
A 26-year-old man, Ahmed Ibrahim, on Thursday appeared before an Ikeja Magistrates’ Court, for alleged N770,000 fraud.
Former US president Barack Obama on Thursday announced the publication in November of the first half of his memoirs, “A Promised Land” — two weeks after the election pitting Donald Trump against Joe Biden.
Super Falcons striker Desire Oparanozie has a bus-stop in Guingamp, France, named after her.
Barely 24 hours to the Governorship election in Edo State, Yiaga Africa, through the Watching The Vote citizens movement, has deployed its Parallel Vote Tabulation (PVT) methodology for the election.
The United Nations will mark its 75th anniversary Monday, celebrating the mantra that “multilateralism is not an option but a necessity,” even as the coronavirus underscores the fragility of international cooperation.
A 29-year-old housewife, Jamila Abubakar, has been arrested by operatives of the National Agency for the Prohibition of Trafficking in Persons (NAPTIP), for allegedly beating to death her seven-year-old step son, Muhammad Bashir.