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High output in Nigeria, others pushes OPEC oil production

The Organisation of Petroleum Exporting Country(OPEC), yesterday  said  its August crude production  increased  from  278,000 barrels a day to average 32.56 million barrels a...

Why OPEC’s Alliance with Non-members Have Been Successful – Barkindo

The Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Dr. Mohammad Sanusi Barkindo, has explained why the alliance the cartel entered with...

Nigeria’s net revenue lowest among OPEC members

Nigeria’s oil receipts are currently the lowest among members of the Organisation of Petroleum Exporting Countries (OPEC) with capita net put at $132 per...

Nigeria’s crude oil production to hit 1,685 tb/d in Q2- OPEC

By Kayode TokedeThe Organization of the Petroleum Exporting Countries (OPEC) has disclosed that Nigeria’s crude oil production to hit 1,685 thousand barrels per day...

$10.3tr investment needed to meet global oil demand – OPEC

The Oil-Producing Exporting Countries (OPEC) yesterday disclosed that a whopping $10.3 trillion investment would be required to meet the 15 million barrels per day...

Oil prices fall as OPEC raises production target from July

Crude oil prices fell yesterday after the decision by the Organisation of the Petroleum Exporting Countries (OPEC) and non-OPEC members to raise crude supplies...

Barkindo: Why OPEC increased crude oil production

The Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Mr. Muhammad Barkindo, has dismissed suggestions that pressure by the United States President,...

‘Low oil production, price may limit implementation of 2018 budget’

Nigeria may be ensnared in another budget deficit as members of the Organization Petroleum Exporting Countries (OPEC) head for a crucial meeting to decide...

OPEC Oil output in May hits new level

By Tosin OkeA report by Reuters revealed that the Organization of Petroleum Exporting Countries (OPEC) oil output fell to a 13-month low in May...

OPEC, trade concerns push crude oil price to one-month low

Crude oil prices fell yesterday with the global benchmark, Brent crude heading towards its lowest finish in about one month after a report revealed...
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