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Tag "OPEC"

OPEC meets Nigeria, Libya to discuss possibility of future cuts

    OPEC meets Nigeria, Libya to discuss possibility of future cuts

The Organisation of Petroleum Exporting Countries (OPEC) met with delegations from Nigeria and Libya at the weekend to discuss the possibility of oil cuts. The meeting which held in St. Petersburg,

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OPEC: Nigeria’s oil output hits new high — but that may be a problem

    OPEC: Nigeria’s oil output hits new high — but that may be a problem

The Organisation of Petroleum Exporting Countries (OPEC) has revealed that Nigeria’s oil production is at a two year high, but that in itself may be a problem for the cartel

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Barkindo welcomes new Saudi prince to OPEC

    Barkindo welcomes new Saudi prince to OPEC

Mohammad Barkindo, OPEC secretary-general, has congratulated Mohammed bin Salman Al Saud on his appointment as the new crown prince of the Kingdom of Saudi Arabia. He welcomed the prince to

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OPEC breaks own record as compliance to oil deal hits 106%

    OPEC breaks own record as compliance to oil deal hits 106%

The Organisation of Petroleum Exporting Countries (OPEC) has beat its own oil cut compliance record, which stood at 104 percent as at April 2017. According to the joint OPEC-Non-OPEC Ministerial

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Forcados pushes Nigeria’s crude production to one-year high

  Forcados pushes Nigeria’s crude production to one-year high

Nigeria’s crude oil production has hit one-year high, according to a report released by the Organisation of Petroleum Exporting Countries

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Prices fall as OPEC extend oil deal for fresh 9 months

  Prices fall as OPEC extend oil deal for fresh 9 months

The Organisation of Petroleum Exporting Countries (OPEC) says it has agreed to extend oil production cuts by nine months. The

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Kachikwu: Nigeria open to joining OPEC production cut — but not right now

  Kachikwu: Nigeria open to joining OPEC production cut — but not right now

Emmanuel Kachikwu, minister of state for petroleum resources, says that Nigeria is not opposed to joining OPEC production cuts but

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OPEC admits Equatorial Guinea as 14th member

  OPEC admits Equatorial Guinea as 14th member

Africa’s third-biggest oil producer, Equatorial Guinea, has been accepted as a new member of the Organisation of the Petroleum Exporting

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Prices jump as OPEC beats deal target — hits 102% conformity

  Prices jump as OPEC beats deal target — hits 102% conformity

Oil prices jumped to $54 per barrel early Thursday as the Joint OPEC-Non-OPEC Ministerial Monitoring Committee (JMMC) reported that the

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The Tale of OPEC and US shale

  The Tale of OPEC and US shale

The growing optimism over big oil-producing countries extending output cuts to mitigate oversupply woes propelled WTI Crude to a fresh

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