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Buhari: Nigeria will abide by OPEC’s output deal

President Muhammadu Buhari Wednesday in Abuja pledged Nigeria’s cooperation towards the ongoing efforts to reduce oil output with a view to attracting higher prices...

OPEC’s coalition supply cuts boost weekly gain of oil prices

Oil headed for its biggest weekly gain in a month as the OPEC+ coalition’s supply cuts and a reported output halt at the world’s...

Nigeria posts biggest oil production rise in OPEC

Crude oil production from Nigeria increased the most last month among its peers in the 14-member Organisation of Petroleum Exporting Countries.OPEC, in its latest...

2019 Budget: More Troubles, OPEC Pegs Nigeria’s Output at 1.6mbd

The implementation of Nigeria’s 2019 budget is faced by a fresh threat as crude oil production adjustment agreed by member countries of the Organisation...

OPEC cuts, stable equity markets push oil price to $58

Crude oil prices climbed for a fifth session in a row to hit $58 yesterday, rallying from last December 2018’s 18-month low, thanks to...

‘OPEC-led cuts should rebalance oil market in Q1’

The deal led by the Organisation of Petroleum Exporting Countries to cut 1.2 million barrels per day from the start of this month should...

OPEC cuts Nigeria’s oil production quota to 1.68 million bpd

Nigeria is expected to cut its crude oil production by 3.04 per cent to 1.685 million barrels per day for the first half of...

Has OPEC stabilized oil markets?

IEA: OPEC puts floor beneath oilThe Organisation of Petroleum Exporting Countries (OPEC) deal put “a floor” beneath oil prices, according to the IEA’s latest...

OPEC meets as Trump calls for oil taps to be kept...

OPEC members and other oil-producing countries gather in Vienna on Thursday to discuss cutting output to prop up prices, as US President Donald Trump...

OPEC urges Nigeria, Libya to join crude oil output cuts

Libya and Nigeria could be key elements in an OPEC output agreement this week as other members are pushing to rescind the two countries'...
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