Organisation of the Petroleum Exporting Countries
Oil falls as US rights bill fuels tensions with China
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 rises as data shows surprise drop in US crude inventories
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: OPEC, allies likely to extend oil supply curbs
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.
OPEC: Oil demand to fall in the West, but not in India, China
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.
Oil benchmark lowered over expected crude glut – minister
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 fall as hopes of US-China progress wilt
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.
Pengassan sets agenda for new NNPC chief
Oil and gas workers on Monday identified obsolete refineries and pricing uncertainties as some of the areas that Mr Mele Kyari, new Group Managing Director (GMD), Nigerian National Petroleum Corporation (NNPC), must tackle.
OPEC: Oil, gas instrumental to climate-change solution
The Organisation of the Petroleum Exporting Countries on Monday said that oil and gas remained part of key solutions in combating climate change.
OPEC: Oil, gas instrumental to climate change solution
The Organisation of the Petroleum Exporting Countries (OPEC) said on Monday that oil and gas remained part of key solutions in combating climate change.
OPEC seeks quick resolution of US, Iran, Venezuela conflicts
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.
New NNPC chief, management team assume duty today
The new Nigerian National Petroleum Corporation (NNPC) Group Managing Director, Mr. Mele Kolo Kyari, and his management team will assume duty today at the NNPC towers in Abuja.
Oil prices drop as traders wait for G20, OPEC+ meetings
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.
OPEC, others commend President Buhari for appointing Mele Kyari as NNPC chief
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.
OPEC considers two scenarios to adjust oil production
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 lifted toward $73 by real, threatened supply cuts
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.
Saudi Arabia may raise June crude prices to Asia
Top oil exporter Saudi Arabia is expected to raise June prices for all crude grades it sells to Asia to track stronger Middle East benchmarks, trade sources said on Thursday.
Iran sanctions: India gets extra oil from major producers
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.
Oil slips to $71, hit by talk of higher OPEC production
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.
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FAAN seeks review of service tariffs
The Federal Airport Authority of Nigeria (FAAN) is seeking the review of its service rates and tariff to reflect current economic realities.
UNICEF to improve literacy level of Nigerian children through advocacy
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.
NDLEA restates commitment to rid Kogi of illicit drugs
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.
NAF offers free medical services to 3, 000 persons in Sokoto
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.
Olamide George: Prince Beyioku remains AFN secretary general, backed by constitution
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.
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PDP urges INEC, National Assembly to legalise electronic voting
The Peoples Democratic Party on Monday urged the Independent National Electoral Commission to legalise electronic voting in Nigeria.
Cleric remanded in prison over ‘attempt to murder’ female pastor
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.
Kaduna governor wants command school in southern district
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. =
Femi Falana: Federal government wants Omoyele Sowore, Olawale Bakare transferred to prison
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.
Remains of all 39 lorry death victims returned to Vietnam
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.