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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 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.
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 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, 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 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.
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.
Crude oil production will be cut by 1.2 million barrels per day from January 2019 for an initial period of six months.
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.
Russian Energy Minister Alexander Novak has said Moscow will support Iran to counter US oil sanctions.
Oil fell in New York after U.S. President Donald Trump criticized OPEC and said crude prices are “artificially Very High.”
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.
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.
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.
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.
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.
“Each visa applicant must have a negative Covid certificate and yellow fever vaccination certificate. These are the requirements for all South Sudanese travellers to Kenya. For the Kenyan citizens who are coming to South Sudan, they should do the same, get the normal visa from our embassy in Nairobi,” Ambassador Gum is quoted as saying by the national broadcaster South Sudan Broadcasting Corporation (SSBC).
U.S. President-elect Joe Biden on Wednesday will revoke the permit needed to build the Keystone XL oil pipeline after being sworn into office, aides said, dashing Ottawa’s hopes of salvaging a project that the struggling Canadian crude sector has long supported.
Jordan Henderson felt Liverpool were the "better team" against Manchester United, but has admitted that his side have allowed their standards to slip in recent weeks.
The Speaker, Zamfara State House of Assembly, Rt. Honourable Nasiru Muazu Magarya, has appealed to President Muhammadu Buhari to intervene and stop the incessant killings of people by bandits.
Covid-19 has yet again claimed the life of another well-known businessman and socialite, Shaka Momoh, who succumbed to complications from the virus on Thursday at Lagos University Teaching Hospital, LUTH.