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Tag "Organisation of Petroleum Exporting Countries (OPEC)"

Good news for Nigeria as oil prices hit $57

    Good news for Nigeria as oil prices hit $57

Oil prices hit $57 on Monday after the Organisation of Petroleum Exporting Countries (OPEC) maintained the decision to exempt Nigeria and Libya from the oil production cut. Members and non-members

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Nigeria will be further exempted from OPEC output cut, says Kachikwu

    Nigeria will be further exempted from OPEC output cut, says Kachikwu

Emmanuel Kachikwu, minister of state for petroleum resources, says Nigeria will again get exempted from production cuts agreed on by the Organisation of Petroleum Exporting Countries (OPEC). Nigeria was first

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Kachikwu: Ageing pipelines reduced crude production in July

    Kachikwu: Ageing pipelines reduced crude production in July

Ibe Kachikwu, minister of state for petroleum, says aging pipelines are responsible for the reduced crude oil output recorded in July. The minister made this known on Thursday while speaking

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Oil prices hit 2-month high, trades at $53

    Oil prices hit 2-month high, trades at $53

Oil prices hit a two-month high on Monday as a result of the tightening of US crude market and the threat of sanctions against OPEC-member, Venezuela. Brent crude futures traded

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Oil prices dip as OPEC meets in Russia

  Oil prices dip as OPEC meets in Russia

Brent crude dropped by $1.35 from Friday’s closing price of $49.54 ahead of OPEC’s meeting with delegates from Nigeria and

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