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Organisation of the Petroleum Exporting Countries
Oil prices fell for a second day on Thursday after official data showed U.S. crude and gasoline stocks rose and President Donald Trump signed into law a bill backing protesters in Hong Kong, fueling tensions with China.
Oil rose on Thursday after industry data showed a surprise drop in U.S. crude inventories, while comments from an OPEC official about lower-than-expected U.S. shale production growth in 2020 also provided some support.
Oman said on Monday that the Organisation of the Petroleum Exporting Countries (OPEC) and allied oil producers could extend a deal to limit crude supply but may not consider deepening cuts.
Oil demand in highly industrialised countries will shift from slight growth to a decline after 2020, while India and China will ensure that global oil consumption will grow over the next decades, an official said.
The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said the federal government adopted a lower oil benchmark price of $57 per barrel for the 2020 budget as against the $60 per barrel in the 2019 budget because of the expected oil glut in 2020, as well as the need to cushion against unexpected price shock.
Oil prices fell on Thursday on concerns of lower fuel demand as talks this week between the United States and China, are not expected to help end the trade war between them.
The Organisation of the Petroleum Exporting Countries on Monday said that oil and gas remained part of key solutions in combating climate change.
The Organisation of the Petroleum Exporting Countries (OPEC) said on Monday that oil and gas remained part of key solutions in combating climate change.
The Organisation of the Petroleum Exporting Countries (OPEC) has stressed the need for a quick resolution of the conflicts between the U.S., Venezuela and Iran.
Oil prices fell on Thursday to erase some of the previous session’s strong gains, as traders wait for the G20 summit in Japan and for a meeting of OPEC and other crude producers to decide on an extension of output cuts.
The Organisation of the Petroleum Exporting Countries (OPEC) and the Nigerian Extractive Industries Transparency Initiative have commended Mr Mele Kolo Kyari’s appointment as NNPC boss.
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.
Oil edged higher toward 73 dollars a barrel on Friday, supported by real and threatened supply disruptions in the Middle East and heading for a weekly gain.
India will get additional supplies from other major oil producing countries to compensate for the loss of Iranian oil, India’s Petroleum and Natural Gas Minister, Dharmendra Pradhan, said on Tuesday.
Brent oil slipped to around 71 dollars a barrel on Tuesday, pressured by expectations of higher U.S. inventories and concern about Russia’s willingness to stick with OPEC-led supply cuts.
The Federal Airport Authority of Nigeria (FAAN) is seeking the review of its service rates and tariff to reflect current economic realities.
The United Nations Children’s Fund (UNICEF), on Friday said it would help improve literacy level among Nigerian children in rural areas through sensitisation and advocacy.
Mr Alfred Adewumi, the new National Drug Law Enforcement Agency (NDLEA) Commander in Kogi, says the agency will collaborate with sister security agencies and the state government to rid the state of illicit drugs.
The Nigerian Air Force (NAF), has began free medical outreach for Mabera Community in Sokoto Metropolis, targeting 3, 000 persons in the two-day exercise.
Acting president of the Athletics Federation of Nigeria (AFN), Honourable Olamide George has affirmed Prince Adisa Adeniyi Beyioku as the authentic and substantive Secretary General of the federation.
The Peoples Democratic Party on Monday urged the Independent National Electoral Commission to legalise electronic voting in Nigeria.
The pastor in charge of The Life House Ministry located at Ifeoma Street, opposite Ojo Barracks, Ojo, Lagos, Pastor Benjamin Akinsanya 56, has been arraigned before a Lagos Magistrate Court sitting in Igbosere, over alleged attempted murder of a female pastor.
Gov. Nadir El-Rufai of Kaduna has called on the Chief of Army Staff, Lt.-Gen. Tukur Buratai, to consider the establishment of Command Secondary School in Southern Kaduna to spur more military presence in the area. =
A lawyer, Femi Falana, on Sunday said the federal government has applied to the Federal High Court in Abuja for an order of transfer the publisher of Sahara Reporters, Omoyele Sowore, and his co-accused, Olawale Bakare, from the custody of the State Security Service (SSS) to prison.
The remains of all of the 39 migrants found dead in a lorry in England last month after being trafficked into the country have been returned to Vietnam, the government said in a statement on Saturday.