opec news

The Organization of Petroleum Exporting Countries, OPEC, has changed its 2018 forecast for total non-OPEC supply growth, while it left unchanged its.... Read more via Leadership Newspaper – https://ift.tt/2t9u298 Get more: Nigeria Business News

Russia and Saudi Arabia will ask OPEC to hike production by 1.5 million barrels a day in the third quarter of 2018, Russian Energy Minister Alexander Novak said on Saturday. OPEC and Russia decided together in 2016 to... Read more via Channels Television – https://ift.tt/2HV8N06 Get more...

Investors looking for a haven amid the rout in emerging markets over the past two months would have found one in Nigeria’s domestic debt. Naira bonds issued by the government have.... Read more via Bloomberg.com – https://ift.tt/2JE4GqX Get more: Nigeria Business News

The oil and gas industry has survived some tough years due to weak demand and low prices. While the low price lasted, oil and gas companies aggressively slashed.... Read more via BusinessDay News – https://ift.tt/2sctfDY Get more: Nigeria Business News

Benchmark oil contract Brent North Sea briefly surged above $80 a barrel Thursday, hitting its highest level since late 2014 and extending..... Read more via Channels Television News – https://ift.tt/2rOOWK8 Get more: Nigeria Business News

Oil prices rose on Monday, lifted by a drop in U.S. drilling activity as well as by expectations that the United States could re-introduce sanctions against Iran. U.S. WTI crude futures were at 65.18 dollars a barrel at 0025 GMT, up 24 cents, Read more via BusinessDay –...

Oil prices climbed its highest levels since July 2015 early on Monday as markets tightened. This is coming as Saudi Arabia’s crown prince cemented his power over the weekend through an anti-corruption crackdown that included high profile arrests. Brent futures LCOc1, the international...

The Organization of the Petroleum Exporting Countries, OPEC, have further extended the exemption granted Nigeria and Libya over the output cut imposed on member countries in January 2017. The Joint OPEC-Non-OPEC Ministerial Monitoring Committee (JMMC) stated that based on the Report of the...

Nigeria's petroleum minister Ibe Kachikwu on Monday disclosed why he nominated H. E. Mohammad Barkindo, as secretary general of the Organization of the Petroleum Exporting Countries (OPEC). Kachikwu made the disclosure while receiving the OPEC Sec Gen Barkindo. He said when the campaign for...

Oil prices rose to their highest level since October on Tuesday as the market planned a potential output cut led by producer cartel OPEC. International Brent crude oil futures rose as high as 49.43 dollars per barrel early on Tuesday, their highest since Oct. 31. U.S. West Texas Intermediate...

Members of the Organisation of Petroleum Exporting Countries (OPEC) on Friday met in Vienna for talks about a possible freeze on production. Ahead of the meeting, Iranian representatives said the country had no plans to limit oil output. However, further details were to be clarified in...