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Tag "OPEC"

For the 3rd time in 10 months, Angola overtakes Nigeria as Africa’s largest oil producer

    For the 3rd time in 10 months, Angola overtakes Nigeria as Africa’s largest oil producer

Angola has overtaken Nigeria to become the largest oil producer on the African continent. According to the Organisation of Petroleum Exporting Countries (OPEC), the Southern African country now leads the

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Global crude oil price drivers in 2017

    Global crude oil price drivers in 2017

Crude oil bulls just can’t get a break these days. Then again, neither can the bears. Just when the buy side gains ground, the sell side retakes it. Currently, the

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Oil prices jump as OPEC cuts output, dollar sinks

    Oil prices jump as OPEC cuts output, dollar sinks

Oil prices rose more than one per cent on Tuesday after news that the world’s top producers cut production in January more than forecasters had expected just as the dollar

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OPEC: Investor confidence in Nigeria’s oil industry has fallen

    OPEC: Investor confidence in Nigeria’s oil industry has fallen

The Organisation of Petroleum Exporting Countries (OPEC) says investor confidence in Nigeria’s oil and gas industry has fallen. OPEC also said if the sector is not fixed, President Muhammadu Buhari’s

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For ‘helping to push’ oil prices from $30 to $50, Barkindo named Man of the Year

  For ‘helping to push’ oil prices from $30 to $50, Barkindo named Man of the Year

Mohammad Barkindo, secretary-general of the Organisation of Petroleum Exporting Countries (OPEC), has been named 2016 Man of the Year. According

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Barkindo in Washington to talk US into OPEC deals

  Barkindo in Washington to talk US into OPEC deals

Mohammad Barkindo, secretary-general of the Organisation of Petroleum Exporting Countries (OPEC), is currently in Washington to persuade the United States

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Oil prices hit $58 – highest in 17 months

  Oil prices hit $58 – highest in 17 months

Oil prices shot up over four percent to their highest level since 2015 early on Monday after OPEC and other

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Non-OPEC states agree to oil cut – first in 15 years

  Non-OPEC states agree to oil cut – first in 15 years

The Organisation of Petroleum Exporting Countries (OPEC) has been joined by non member states, thus, recording the first OPEC and

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Oil prices rise ahead of meeting of OPEC and non-OPEC producers

  Oil prices rise ahead of meeting of OPEC and non-OPEC producers

Oil prices extended gains on Friday on optimism that non-OPEC producers would agree to cut output following a cartel agreement

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OPEC’s production-cut deal pushes oil to $55.33/barrel

  OPEC’s production-cut deal pushes oil to $55.33/barrel

Crude rose above $55 a barrel as rising prospects of a tightening market, after last week’s OPEC landmark deal to cut

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