Crude oil prices bounced back on Thursday, continuing to gather support after the world’s biggest suppliers firmed up plans to meet to discuss an output freeze. Oil producers including Gulf
Tag "OPEC"
Despite rising oil prices, Nigeria’s 2016 budget may be hurt by low production levels, the Organisation of Petroleum Exporting Countries (OPEC) has confirmed. On Wednesday, Brent crude – global crude
Ibe Kachikwu, minister of state for petroleum resources, on Monday rendered a poem on oil, during which he expressed assurance that its prices would rise again. Speaking at the sixth African
Nigeria, alongside Iraq and the United Arab Emirates, is responsible for the rise seen in oil prices, the International Energy Agency (IEA) has said. In its latest Oil Market Report (OMR)
Crude oil prices rose to a record high of $40 on Monday, rallying further at the all-year high into Tuesday,
The economic woes bedevilling many OPEC countries may just have begun, as US shale oil producers plan to increase output if
Oil production has declined in Nigeria as Royal Dutch Shell’s Nigerian venture suspended the flow of Forcados crude to the
The federal government wants Shell and other international oil companies to rethink their plans of laying off many Nigerian workers,
President Muhammadu Buhari has described the current prices of oil as “totally unacceptable”. As against 2015 when a barrel of oil
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