organisation of petroleum exporting countries

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    Politics Italy’s Supreme Court Rejects Appeal to Stop Shell, Eni’s Nigerian Corruption Trial –...

    Italy’s Supreme Court threw out an appeal from Shell and four former Shell managers to stop a trial on alleged corruption in Nigeria, which also sees Eni’s chief facing charges, legal sources said Wednesday. The … Read more via Thisdaylive – https://ift.tt/2sW2bdm Get More Nigeria...
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    Business Oil Prices Steady At $57 As FG Identifies Measures To Revive Economy

    Oil steadied close to $57 per barrel on Monday as rising tensions between the United States, Iran and Organisation of Petroleum Exporting Countries, OPEC, supply cuts were countered by ample inventories and signs that higher prices will revive U.S. output. U.S. energy companies added oil rigs...
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    Business Nigeria Overtakes Angola To Retain Africa's Top Oil Producer

    Nigeria is said to have returned back to the position of Africa's top oil producer after Angola took over in March 2016. The Organisation of Petroleum Exporting Countries (OPEC), crude oil production from Nigeria rose slightly above that of Angola even before the January 2017 planned production...
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    Business Indonesia Pulls Out of OPEC Over Oil Output Cuts

    Indonesia has suspended its membership in oil producer club, the Organisation of Petroleum Exporting Countries again, as the crude oil importer said it does not agree to the club’s production cuts. Indonesia first joined OPEC in 1962 and left it in 2009 due to its dwindling domestic oil...
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