opec news

  1. 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...
  2. 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
  3. 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
  4. 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...
  5. 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...
  6. 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
  7. 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...
  8. 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...
  9. 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...
  10. 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...
  11. ese

    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...
  12. 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
  13. 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 –...
  14. 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
  15. stato

    World Gunmen kill 24, including 12 Revolutionary Guards, in attack on Iran military parade – Reuters

    Gunmen fired on a military parade in southwestern Iran on Saturday, killing 24 people, half of them members of the Revolutionary Guards, state news agencies reported, in one of the worst attacks ever on the elite force.State television said the assault, which wounded more than 60 … Read more...
  16. stato

    World Italian Court Jails Two over $1.3bn Malabu Oil Deal – Thisdaylive News

    Trump tells OPEC to lower oil prices Ejiofor Alike with agency reports Ahead of the next hearing of the … Read more via Thisdaylive – https://ift.tt/2psgELG Get more World News
  17. curator

    Business Nigeria Recorded 1.71 Million Barrels Per Day Oil Production In August – Leadership Newspaper

    The Organisation of Petroleum Exporting Countries, said Nigeria’s oil production rose to 1.71 million barrels a day, bpd, in August. The figure according to OPECs monthly oil market report for September released on Wednesday, puts the... Read more via Leadership Newspaper –...
  18. stato

    World U.S. oil prices rise as Gulf oil rigs evacuated ahead of hurricane – Reuters News

    U.S. oil prices rose on Tuesday, breaking past $70 per barrel, after two Gulf of Mexico oil platforms were evacuated in preparation for a hurricane. U.S. West Texas Intermediate (WTI) crude futures were.... Read more via Reuters News – https://ift.tt/2MKsAXq Get more World News
  19. curator

    Business Nigeria’s oil export earnings decline 21% amid rising prices – The Guardian Nigeria Newspaper

    Nigeria’s net oil export earnings this year (between January and July), have declined by about 21 per cent compared to 2017 performance. August 2018 data obtained from the Organisation of Petroleum Exporting Countries (OPEC), showed that net oil export earnings of … Read more via The...
  20. curator

    Business OPEC Output Rises On Nigeria, Kuwait Supplies – Sahara Reporters

    Oil production from the Organisation of Petroleum Exporting Countries (OPEC) rose in July, despite supply shortfalls from Libya, Iran and Saudi Arabia. Rising output from Nigeria, Kuwait and the UAE offset the drops. OPEC production averaged 32.32 million barrels per day (bpd) in July, 40,700...
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