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opec news

  1. Nigeria Business News

    Business Nigeria Will Comply With OPEC, Non-OPEC Output Cut Deal, Says NNPC Boss – Channels Television

    The Nigerian government says it is committed to the production adjustments agreed on under the Declaration of Cooperation (DoC) between member countries of the Organisation of the Petroleum Exporting Countries (OPEC) and Non-OPEC Countries. Read more via Channels Television –...
  2. Nigeria World News

    World Oil Prices may rebound as China and U.S. agree to restart trade talks – Nairametrics

    Oil prices may rebound next week following the decision by the United States of America and China to restart trade talks. Washington is expected to hold off new tariffs on Chinese... Read more via Nairametrics – https://ift.tt/2FFYMWy Get more World News
  3. Nigeria Business News

    Business Oil Prices Surge After Suspected Tanker Attack Near Iran – Leadership Newspaper

    Oil prices jumped as much as 4 per cent on Thursday after a suspected attack on two tankers in the Gulf of Oman near Iran and the Strait of Hormuz, through which a fifth of global oil consumption passes..... Read more via Leadership Newspaper – http://bit.ly/2ICgbQq Get more: Nigeria...
  4. Nigeria Business News

    Business Nigeria earns $236 billion from petroleum exports in five years – TODAY.NG

    Nigeria, Africa’s top oil producer, earned a total of $236.15bn from petroleum exports over the last five years, a new report by the Organisation of Petroleum Exporting Countries has shown..... Read more via TODAY.NG – http://bit.ly/2MKJLZu Get more: Nigeria Business News
  5. Nigeria Business News

    Business Oil rises as Saudi sees producers sticking with ongoing supply cuts – Reuters

    SINGAPORE (Reuters) – Oil prices rose on Monday after Saudi Arabia said producer club OPEC and Russia should keep supplies restricted at current levels, and in relief that the United States withdrew a tariff threat against Mexico, removing a cloud over the global economy...... Read more via...
  6. Nigeria Business News

    Business Trade Wars, Disruptions Drag Oil Price Down to $69 – Thisdaylive Newspaper

    Crude oil prices dropped Wednesday to $69 per barrel, representing about two percent reduction over its previous prices. The prices of the different baskets of crude oil were weighed down by equity markets as China threatened to escalate the trade war with the... Read more via Thisdaylive...
  7. 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...
  8. 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...
  9. 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
  10. 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...
  11. 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
  12. 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...
  13. 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...
  14. 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
  15. 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
  16. 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...
  17. 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...
  18. 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
  19. 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...
  20. 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...