Wednesday, May 8, 2024
MARKET UPDATE
Advertisement Topt

TheCable

Tag "OPEC"

Kachikwu: We’d privatise refineries in 12 months

    Kachikwu: We’d privatise refineries in 12 months

Ibe Kachikwu, minister of state for petroleum resources, says Nigeria is looking at privatising its refineries with 12 months. The minister, who doubles as the group managing director of Nigerian

1 comment Read Full Article

Oil price rise ‘set’ to break seven-year record

    Oil price rise ‘set’ to break seven-year record

Oil is on track for its biggest monthly gain in seven years as a result of a weak dollar and a decline in US production, reducing global oversupply. Brent crude,

0 comment Read Full Article

Oil prices close in on $50 to hit 2016 high

    Oil prices close in on $50 to hit 2016 high

The prices of crude oil hit its highest point in 2016 on Wednesday, trading a few cents above the previous 2016 high of $46 per barrel and inching closer to

0 comment Read Full Article

OPEC governor: At $45, no need for oil freeze

    OPEC governor: At $45, no need for oil freeze

Widhyawan Prawiraatmadja, Indonesia’s governor to the Organization of the Petroleum Exporting Countries (OPEC), says no need for oil output freeze since oil is at $45. Speaking in Abu Dhabi on

0 comment Read Full Article

Sterling bulls lean on false lifeline

  Sterling bulls lean on false lifeline

Stock markets staged a miraculous rebound during trading on Tuesday following the abrupt appreciation in oil prices that renewed risk

0 comment Read Full Article

Kachikwu retains hope in OPEC’s failed oil freeze

  Kachikwu retains hope in OPEC’s failed oil freeze

‎Ibe Kachikwu, minister of petroleum resources, has expressed hope that the Organisation of the Petroleum Exporting Countries (OPEC) will achieve

0 comment Read Full Article

Angola overtakes Nigeria in crude oil production

  Angola overtakes Nigeria in crude oil production

Angola is now the number one oil producing nation in Africa, taking over the position from Nigeria. In its latest

0 comment Read Full Article

Oil hits $43 as PMS subsidy rises to N9.09/litre

  Oil hits $43 as PMS subsidy rises to N9.09/litre

Oil reached a 2016 high of $43 per barrel on Tuesday, as latest pricing template released by the Petroleum Products

0 comment Read Full Article

OPEC oil at $32 as PMB screens $38 budget

  OPEC oil at $32 as PMB screens $38 budget

The basket price for the Organisation of Petroleum Exporting Countries (OPEC) oil has fallen to $32.63, as President Muhammadu Buhari

1 comment Read Full Article

Barkindo nominated to lead OPEC again

  Barkindo nominated to lead OPEC again

Mohammed Barkindo, former group managing director of the Nigerian National Petroleum Corporation (NNPC), has been nominated to lead the Organisation

0 comment Read Full Article
error: Content is protected from copying.