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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...

Crude Oil Price Drops as US Supply Grows, OPEC Mulls Higher...

Crude oil prices slipped yesterday as United States production hit a record high, while the Organisation of Petroleum Exporting Countries (OPEC) considered boosting supply. Global...

Crude oil price sustains losses on planned OPEC’s output rise

Crude oil prices sustained losses yesterday with the price of United States West Texas Intermediate (WTI) crude oil tumbling nearly three per cent, on...

Mele Kyari: Nigeria’s new OPEC Envoy

Mr. Mele Kyari, has been appointed  Nigeria's new representative at the Organization of the Petroleum Exporting Countries (OPEC), it was gathered on Saturday. Kyari...
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