opec news

  1. Nigeria Business News

    Business Oil dips as U.S. output hits record, but global markets remain tight – The Edge Markets

    Oil prices dipped on Thursday after data showed record U.S. crude oil production, which resulted in a surge in stockpiles. Outside the United States, however, oil markets remained tense as all exemptions to U.S. sanctions on Iran expire, the political crisis in Venezuela escalates… Read more...
  2. Nigeria Business News

    Business Forex reserves stable in April amid high oil prices – Newtelegraph

    Nigeria’s foreign exchange reserves were stable throughout April, rising to $44.80billion as at April 29, 2019 data obtained from the Central Bank of Nigeria (CBN) showed yesterday. New Telegraph’s analysis of the Apex Bank’s data… Read more via Newtelegraph – http://bit.ly/2V7kE6P Get more...
  3. Nigeria Business News

    Business China’s Growth Pushes Oil Price to 2019 High at $72 – Thisdaylive Newspaper

    Global benchmark crude, Brent oil, yesterday hit a 2019 high above $72 a barrel, propelled by steady economic growth in China and a fall in United States crude stocks.... Read more via Thisdaylive Newspaper – http://bit.ly/2Gpimpt Get more: Nigeria Business News
  4. Nigeria Business News

    Business Saudi Arabia is OPEC’s bull, as oil price tops $70 for first time in 5 months – Nairametrics

    Crude oil prices rallied to $70.43 last week Friday, ending the week bullish for the first time since November 2018. This means Brent closed last week 2.9% higher. Meanwhile, oil prices maintained its bullish run yesterday, as it closed at $70.76 a barrel. Brent oil prices rose, as … Read...
  5. Nigeria Business News

    Business Nigeria, Sao Tome Give Total Nod to Develop Oil Blocks – Thisdaylive Newspaper

    French oil giant, Total, was yesterday awarded an exclusive right by Nigeria and the Island of São Tomé and Principe, to begin exploration for oil in three blocks, 7, 8 and 11, located within the.... Read more via Thisdaylive Newspaper – https://ift.tt/2Hzkmxs Get more: Nigeria Business News
  6. Nigeria Business News

    Business Oil dips as U.S. crude production hits record – Premium Times Nigeria

    Oil prices dipped on Thursday, dragged down by weakening factory output in China and Japan and record U.S. crude output, although markets remained relatively well supported by supply cuts led by producer club OPEC..... Read more via Premium Times Nigeria – https://ift.tt/2H8eNG0 Get more...
  7. Nigeria Business News

    Business Oil Price Rises Above $66 on OPEC Deal, US Sanctions – Thisdaylive

    Crude oil rose for a fifth day yesterday, on track for its strongest first quarter in eight years, thanks to a growing belief among investors that the Organisation of Petroleum Exporting Countries’ (OPEC) supply cuts will prevent a build-up in unused fuel, though concern … Read more via...
  8. Nigeria Business News

    Business Total To Begin Oil Export From Egina Field – Leadership Newspaper

    Total SA is poised to start exports of crude from a major new offshore field in Nigeria, adding to global supplies at a time when oil prices are plunging.... Read more via Leadership Newspaper – http://bit.ly/2MX6H3P Get more: Nigeria Business News
  9. Nigeria World News

    World EU Parliament Recognizes Venezuela’s Guaido As Interim President – Nairaland

    The European Parliament has recognised Venezuela’s self-declared interim president Juan Guaido as de facto head of state, heightening international pressure on the OPEC member’s … Read more via Nairaland – http://bit.ly/2TobY7a Get more World News
  10. Nigeria Business News

    Business Oil Prices Rise As OPEC Supply Cut Tightens Market – Leadership Newspaper

    Oil prices climbed yesterday as hope rises that U.S.-Chinese talks in Beijing would bring a halt to trade disputes between the world’s biggest economies, while also the Organization of Petroleum Exporting Countries (OPEC) -led supply cuts further tightens markets. International Brent crude...
  11. Nigeria Business News

    Business Oil price drops to $53.82 as OPEC, others struggle to stabilise market – Vanguard News Nigeria

    THE price of crude oil has crashed from $57.00 to $53.82 in the international market as the Organisation of Petroleum Exporting Countries, OPEC and others struggle to achieve stability. Oil A survey of the … Read more via Vanguard News Nigeria – http://bit.ly/2EGOfus Get more: Nigeria...
  12. Nigeria Business News

    Business Is OPEC Still Relevant To Global Oil Market? – Leadership Newspaper

    The just – concluded meeting of the acclaimed oil cartel group, the Organisation of Petroleum Exporting Countries (OPEC) has raised fears as to its continued relevance in the global oil market.... Read more via Leadership Newspaper – https://ift.tt/2zXqJpQ Get more: Nigeria Business News
  13. Nigeria Business News

    Business Kachikwu: Why OPEC Did Not Grant Nigeria Further Exemption in Output Cut Deal – Thisdaylive

    The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has clarified that the Organisation of Petroleum Exporting Countries (OPEC) did not grant Nigeria further exemption in the cartel’s output cut deal because the country did not request for further exemption. Kachikwu told THISDAY...
  14. Nigeria Business News

    Business Oil Price Drops to $58, OPEC Waits for Russia on Output Decision – Thisdaylive Newspaper

    Crude oil price fell yesterday after the ministers of the Organisation of Petroleum Exporting Countries (OPEC) opted to wait for the outcome of their today’s meeting with non-OPEC member countries led by the Russian Federation before announcing an oil production cut that is almost...
  15. Nigeria Business News

    Business Nigeria, Saudi Arabia, others should work together to achieve oil market stability — Kachikwu – Vanguard News Nigeria

    The Minister of Petroleum, Industry and Mineral Resources of the Kingdom of Saudi Arabia, Khalid Al-Falih visited Nigeria last week and held talks with Nigeria, to forge a common alliance on the forthcoming OPEC meeting in Vienna. Nigeria’s Minister of State for Petroleum Resources, Mr. Ibe...
  16. Nigeria World News

    World Qatar’s Decision to Quit OPEC Shows Frustration With Saudi Arabia -Iran – P.M. News

    Iran says Qatar’s decision to quit the Organisation of the Petroleum Exporting Countries (OPEC) shows frustration of small crude producers with the dominant role of Saudi Arabia in OPEC, a senior Iranian energy official said on Monday. “This Qatar’s decision is very regretful … Read more...
  17. E

    Metro Qatar is pulling out of OPEC - CNN

    The small, gas-rich state of Qatar said Monday that it will leave the oil cartel on January 1 after nearly 60 years of membership. The country's state oil company, Qatar Petroleum, made the announcement in a series of tweets. "The withdrawal decision reflects Qatar's desire to focus its efforts...
  18. Nigeria Business News

    Business Oil prices hit 2018 lows over global supply glut – TODAY.NG

    Oil prices slumped to 2018 lows on Friday in thin but volatile trading, dropping over concerns of … Read more via TODAY.NG – https://ift.tt/2Af27s4 Get more: Nigeria Business News
  19. Nigeria Business News

    Business Oil price hits new low at $69 as OPEC predicts demand growth to increase by 1.5mb/d – Vanguard News Nigeria

    THE price of crude oil, which has been falling in the past three weeks, further dropped from $71 per barrel to $69 per barrel, yesterday as the Organisation of Petroleum Exporting Countries, OPEC, predicted oil demand growth to increase by 1.50… Read more via Vanguard News Nigeria –...
  20. curator

    Business Oil surges past $80 as OPEC rebuffs Trump – BusinessDay News

    The price of oil surged back above $80 a barrel in early morning trading Monday after a meeting of OPEC and non-cartel members ended without any pledge to increase supply to the..... Read more via BusinessDay News – https://ift.tt/2QTBtMI Get more: Nigeria Business News
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