OPEC

OPEC Wants ‘Collective Efforts’ to Counter US Oil Output

OPEC said Thursday that oil producers needed to make more joint efforts to match supply and demand in the oil…

7 years ago

Oil price Sinks to Five-Month Low of $48

Global oil benchmark, Brent crude, struck a five-month low on Thursday as the United States’ crude inventories showed a lower-than-expected…

7 years ago

The Real World of Oil Has a Warning for Financial Markets

The Brent physical oil market is flashing signs of weakness again as dwindling Asian purchases, an influx of American crude…

7 years ago

Nigeria had Highest Production Fall in March- OPEC

Nigeria’s crude oil production has fallen from two million barrels per day to about 1.27 million bpd, according to the…

7 years ago

Nigeria to Restore Oil Output Even as OPEC Weighs Extending Cuts

Nigeria will revive oil production this summer as it completes maintenance and repairs, and expects fellow OPEC members to continue…

7 years ago

Nigeria Be Warned: Russia Prepares for Oil at $40

Perhaps the Bank of Russia knows something the world doesn’t. As the Organization of Petroleum Exporting Countries and its allies…

8 years ago

OPEC Oil Prices Drop as US Lowers Price

Oil prices dropped to their lowest in three months on Monday despite OPEC efforts to curb crude output, dragged down…

8 years ago

OPEC Loses $1trn to Oil Price Fluctuation

The Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC), Dr Mohammed Barkindo, on Monday disclosed that the organisation lost…

8 years ago

OPEC To Extend Oil Freeze Beyond June

There are strong indications that the Organisation of Petroleum Exporting Countries (OPEC) is getting set to extend oil cut beyond…

8 years ago

Angola Overtakes Nigeria as Africa’s Top Oil Producer

Nigeria has again lost its Africa’s top oil producer status to Angola. Nigeria only recently regained this status last November…

8 years ago

This website uses cookies.