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Russian Energy Minister

Saudi Energy Minister Abdelaziz bin Salman said on Tuesday that major oil countries might have to adapt their current production strategy in the face of the resurging pandemic.

OPEC+ mulls oil output tweak amid second wave of pandemic

Saudi Energy Minister Abdelaziz bin Salman said on Tuesday that major oil countries might have to adapt their current production strategy in the face of the resurging pandemic.
OPEC and its oil allies reached agreement Sunday to cut global production by 9.7 million barrels a day starting May 1, to shore up the world price in the face of a significant drop in the demand for oil because of the coronavirus pandemic.

Algeria backs extending OPEC supply cuts, Russia mulls options

OPEC member Algeria came out in support of deferring a planned increase in OPEC+ oil output from January, a day after Russia’s energy minister raised the possibility with the country’s oil companies.
The Egyptian Ministry of Petroleum and Mineral Resources announced on Thursday a new oil discovery in the shallow waters of Geisum concession south of the Gulf of Suez, with an initial production rate of 2,000 barrels of crude oil per day.

Oil prices rise, head for weekly gain

Oil prices advanced on Friday and were heading for the second week of gains amid growing confidence that demand for fuel is starting to pick up.
Organisation of Petroleum Exporting Countries (OPEC) | Reuters

Oil prices fall as Russia touts easing OPEC+ output

Oil fell on Monday after Russia said an OPEC-led pact may consider easing output cuts next year, but prices held near recent three-month highs on hopes for a trade deal between the United States and China.

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.
The minister of Finance, Budget and National Planning Mrs Zainab Ahmed disclosed this on Tuesday during her maiden meeting with top officials of the two merged ministries at the headquarters of Budget and National Planning in Abuja.

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 market eyes trade war

Oil prices fell on Tuesday as the ongoing U.S.-China trade war cast a pall over markets, with soft South Korean data adding to concerns over emerging markets and a rise in the Organisation of Petroleum Exporting Countries (OPEC) output.
US crude oil

Oil prices drop amid demand worries, but US-Iran tensions help

Oil fell on Tuesday amid concerns over the outlook for crude demand, but prices were supported after Washington announced new sanctions on Iran amid mounting tensions in the Middle East.

Oil prices drop amid demand worries

Oil fell on Tuesday amid concerns over the outlook for crude demand, but prices were supported after Washington announced new sanctions on Iran amid mounting tensions in the Middle East, Reuters reported.

Russia wants Opec to forge cooperation

Russian Energy Minister, Alexander Novak, said on Monday that international cooperation on crude production has helped stabilize oil markets and is more important now than ever, Reuters reported.

OPEC, allies will stabilise oil market – Saudi minister

Saudi Arabia’s Energy Minister, Khalid Al-Falih, has said that member countries of the Organisation of Petroleum Exporting Countries (OPEC) and its allies led by Russia still have a lot of work to do to balance global oil markets, and are prepared to do what is necessary in this regards in the second half of 2019.

Oil edges up as market eyes tighter supply

Oil prices edged up on Tuesday buoyed by expectations of tightening global supply due to U.S. sanctions on Venezuela and production cuts led by OPEC.

Oil prices slip toward 18-month lows

Oil prices fell on Friday ahead of the New Year holiday as global crude benchmarks moved back toward their lowest levels in more than a year.

OPEC, non-OPEC countries to cut crude output in 2019

Crude oil production will be cut by 1.2 million barrels per day from January 2019 for an initial period of six months.

Oil hits $62 as OPEC, allies agree to cut production

The Organisation of Petroleum Exporting Countries (OPEC) and its allies agreed yesterday to cut oil production by 1.2 million barrels per day, owing to a record global crude glut and the need to halt the price slump.

Russia says US sanctions ‘illegal’, will help Iran trade oil

Russian Energy Minister Alexander Novak has said Moscow will support Iran to counter US oil sanctions.

Donald Trump tweets at OPEC over “Very High” prices, oil instantly falls

Oil fell in New York after U.S. President Donald Trump criticized OPEC and said crude prices are “artificially Very High.”

Russia plans to fully comply with OPEC-non-OPEC oil deal in April

Russia intends to fulfill its responsibilities under the deal of the member states of the Organisation of the Petroleum Exporting Countries (OPEC) and non-OPEC countries on the oil output freeze in April.

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This was contained in a statement issued by the Director-General of NAPTIP, Imaan Suleiman-Ibrahim, on Wednesday in Abuja.

NAPTIP seeks partnership with UNODC to fight human trafficking

The National Agency for the Prohibition of Trafficking in Persons (NAPTIP) says it will continue to deepen partnership with the UN Office on Drugs and Crimes (UNODC) to fight trafficking in person in the country.
Arsenal have reportedly made a move for Real Madrid playmaker Martin Ødegaard.

Arsenal ‘make approach’ for wantaway Real Madrid playmaker

However, the 22-year-old has played just five minutes in the last six games and earlier today, reports in the Spanish press indicated that the player had told Zinedine Zidane of his intention to leave on loan during the window.
FILE PHOTO - Pope Francis leads the Angelus prayer on Epiphany, amid the coronavirus disease (COVID-19) outbreak, at the Vatican, January 6, 2021. Vatican Media-­Handout via REUTERS-File Photo

Pope urges U.S. reconciliation as bishops call out Joe Biden on abortion

Pope Francis told U.S. President Joe Biden on Wednesday that he was praying that God would guide his efforts to bring reconciliation in the United States, while the nation’s bishops condemned Biden’s pro-choice stand on abortion.
A Deputy Comptroller-General of the Nigerian Correctional Service (NCoS), DCG John Mrabure, has been appointed as acting Comptroller General of the Service.

John Mrabure emerges new acting correctional chief

A Deputy Comptroller-General of the Nigerian Correctional Service (NCoS), DCG John Mrabure, has been appointed as acting Comptroller General of the Service.

Jigawa PDP inaugurates 29-member reconciliation committee

The Jigawa State Chapter of the Peoples Democratic Party (PDP) has inaugurated a 29-member reconciliation committee to unite and bring back its lost glory in the state.