Tag: OPEC

OPEC Secretary General, Barkindo Meets Ambassador of Iran Ahead of Visit

Henry Solomon- August 3, 2021

Organisation of Petroleum Exporting Countries (OPEC) Secretary General, Mohammad Sanusi Barkindo has met with Mohammad Ali Bak, Ambassador of the Islamic Republic of Iran in ... Read More

Mohammad Sanusi Barkindo Arrives Nigeria.

Suleiman Idris- July 16, 2021

  Secretary General of the Organisation of Petroleum Exporting Countries (OPEC),  Mohammad Sanusi Barkindo, is in Nigeria. Barkindo arrived the country Wednesday night . Barkindo ... Read More

OPEC Monthly Oil Market Report on Crude oil Prices Rise

Tanimu- February 12, 2021

Crude oil prices rose firmly in January, along with a steady rise in futures markets. Major physical crude benchmarks increased about 10% month-on-month (m-o-m) on ... Read More

JMMC appoints Timipre Sylva as Special Envoy

Suleiman Idris- February 6, 2021

The Joint OPEC-Non-OPEC Ministerial Monitoring Committee (JMMC) has appointed the Honorable Minister of State for Petroleum Resources, Chief Timipre Sylva as Special Envoy for further ... Read More

Joint Ministerial Monitoring Committee Optimistic of Recovery in 2021

Tanimu- February 3, 2021

The 26th Meeting of the ORGANIZATION OF PETROLEUM EXPORTING COUNTRIES (OPEC )Joint Ministerial Monitoring Committee has commended The progress made by Nigeria in the production ... Read More

OPEC at S&P Americas Petroleum and Energy Conference

Tanimu- January 27, 2021

Secretary- General of the Organization of The Petroleum Exporting Countries, OPEC, Mohammed Sanusi Barkindo Says the Declaration of Cooperation (DoC), in its fifth year has ... Read More

OPEC At World Economic Forum

Tanimu- January 25, 2021

Secretary- General of The Organization of The Petroleum Exporting Countries, OPEC, Mohammed Sanusi Barkindo Says the complexities of The world, especially the energy sphere, means ... Read More

The 9th OPEC/Non-OPEC Declaration of Cooperation Ministerial Meeting on Cruden Oil Cut

Tanimu- April 10, 2020

Nigeria has joined other OPEC+ counterparts in a historic curtailment of crude oil production to rebalance and stabilize the global oil markets. Nigeria is participating ... Read More

OPEC President Clebrates Nigeria, Saudi Oil Ministers

Tanimu- December 5, 2019

H.E. Manuel Salvador Quevedo Fernandez, Venezuela’s People's Minister of Petroleum and President of the OPEC Conference 2019, welcomed Nigeria's Minister of State for Petroleum Resources, ... Read More

Oil prices rise on trade deal hopes, OPEC supply cuts

Arowobusoye Samuel- March 4, 2019

Oil prices rose on Monday, buoyed by output cuts by OPEC and reports that the United States and China are close to a deal to ... Read More

Oil prices at 4-year high after OPEC rebuffs Trump

Arowobusoye Samuel- September 24, 2018

Oil prices jumped more than 2 percent to a four-year high on Monday after Saudi Arabia and Russia ruled out any immediate increase in production. ... Read More

Trump hits OPEC amid cartel fractures

admin- September 20, 2018

Trump hits OPEC amid cartel fractures Trump resumed his attacks on OPEC Thursday morning amid oil prices that have climbed to their highest level in two months. ... Read More

Oil Prices Rise After Libya Declares Force Majeure On Some Supplies

Abdul Jimoh- July 3, 2018

Oil prices rose on Tuesday after Libya declared force majeure on some of its supplies, although an overall rise in OPEC output and slumping Asian ... Read More

Kyari Emerges OPEC National Representative

Tanimu- May 13, 2018

Ndu Nghamadu, Abuja: The Nigerian National Petroleum Corporation (NNPC) has announced the appointment of Mallam Mele Kyari, incumbent Group General Manager in charge of its ... Read More

Supply Cuts,Strong Demand, Draws Oil Price Closer to Late-2014 Highs

Henry Solomon- April 20, 2018

Oil prices held firm on Friday near three-year highs reached earlier this week as ongoing OPEC-led supply cuts, as well as strong demand, gradually draw ... Read More

FG to Oil Stakeholders: Provide Accurate and Up-to-date Data

Henry Solomon- February 26, 2018

Dr Folasade Yemi-Esan, the Permanent Secretary, Ministry of Petroleum Resources on Monday urged oil and gas stakeholders to collate accurate, up-to-date data for the industry. ... Read More

Oil Price Rises As Saudi Arabia Says Producers Will Cooperate Beyond 2018

Abdul Jimoh- January 22, 2018

Oil prices climbed on Monday, pushed higher by Saudi Arabia’s comment  that cooperation between oil producers currently withholding supplies would continue beyond 2018. Strong global ... Read More

Crude Oil Price Jumps Above $65

Henry Solomon- December 12, 2017

Brent crude oil prices jumped above $65 per barrel after the shutdown of the Forties North Sea pipeline knocked out significant supplies from a market ... Read More

Outcome of 173rd Meeting of OPEC Member Countries

Arowobusoye Samuel- December 1, 2017

The 173rd meeting of the Organization of the Petroleum Exporting Countries (OPEC) ended today in Vienna, Austria and extended its current production agreement entered with ... Read More

Senate Postpones MTEF Passage, Awaits Outcome Of OPEC Meeting

Abdul Jimoh- November 30, 2017

The Senate on Thursday postponed till Dec. 5, the passage of Medium Term Expenditure Framework (MTEF), which covers 2018 to 2020. The postponement followed a ... Read More