Tag: OPEC

OPEC Oil Output Cut Good For Nigeria – Ibe Kachikwu

Henry Solomon- December 2, 2016

The Nigerian Economy is likely going to pick up positively due to Organisation of the Petroleum Exporting Countries OPEC member countries agreement on oil output ... Read More

OPEC agree to cut oil output by about 1.2 million bpd

inno.korie- November 30, 2016

The  Organization of Petroleum Exporting Countries, OPEC on Wednesday agreed to cut oil output  by about 1.2 million barrels per day, which represents about 4.5 ... Read More

OPEC Agrees On Output Cut To Boost Oil Prices

Henry Solomon- November 1, 2016

OPEC officials approved on Monday a document outlining the exporter group’s long-term strategy, in a sign its members are making progress in ironing out differences ... Read More

OPEC Oil Output Deal In Doubt, Investors Say

Henry Solomon- October 26, 2016

Oil fell for a third day on Wednesday, nearing $50 a barrel for the first time in three weeks, as investors grew increasingly doubtful that ... Read More

OPEC, Iraq Meet On Oil Supply Cut

Arowobusoye Samuel- October 25, 2016

OPEC Secretary General Mohammed Barkindo and Iraqi Oil Minister Jabar al-Luaibi met on Tuesday in Baghdad to bring about an agreement on supply cuts that ... Read More

NTA News Summary 12th October 2016. All You need to know today; IGP Meets Police High Command on Professionalism

inno.korie- October 12, 2016

NTA News IGP meets police high command on professionalism Inspector General of Police, Ibrahim Idris has reiterated his commitment to enhancing police professionalism through training ... Read More

OPEC Oil To Record Highest Output As Nigeria Awaits Signs

Henry Solomon- October 3, 2016

OPEC Oil OPEC  oil output is likely to reach its highest in recent history in September, a Reuters survey found weekend, as Iraq boosted northern ... Read More

Crude Oil Prices Up On Renewed Clashes in Libya

Arowobusoye Samuel- September 19, 2016

Reuters(Singapore): Oil prices rose almost 2 percent on Monday, after Venezuela said OPEC and non-OPEC producers were close to reaching an output deal and as ... Read More

OPEC To Hold Extraordinary Meeting On Oil Price If…

Henry Solomon- September 18, 2016

OPEC members may call an extraordinary meeting to discuss oil prices if they reach consensus during an informal gathering in Algiers this month, OPEC Secretary-General ... Read More

Crude Oil Prices Hit five-week High

Arowobusoye Samuel- August 15, 2016

Offshore Oil exploration According to Reuters report, Oil prices hit five-week highs on Monday, gaining about 10% in a three-day rally as speculation intensified over ... Read More

OPEC oil output set to reach record high in July

editor- July 29, 2016

OPEC's oil output is likely in july to reach its highest in recent history, a survey found on Friday, as Iraq pumps more and Nigeria ... Read More

Kachikwu With Diplomatic Shuttle, Barkindo Emerges OPEC Secretary General

Tanimu- June 3, 2016

Muhammad Barkindo Garba Deen Muhammad: After months of shuttle diplomacy anchored by the Honourable Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, Nigeria’s quest ... Read More

Oil Hits All Time High In 2016

Henry Solomon- April 27, 2016

Oil hit its highest level on Wednesday, driven by a falling dollar and evidence of declining U.S. supply, putting the price on course for its ... Read More

Ibe Kachikwu: Freezing Crude Oil Production Will Remedy Oil Price

Henry Solomon- April 19, 2016

Minister of Petroleum Resources, Dr Ibe Kachikwu has expressed hope that Organisation of the Petroleum Exporting Countries (OPEC) will achieve consensus on crude oil production ... Read More

Ex-NNPC Boss Barkindo Nominated By Nigeria As Next OPEC Chief

Henry Solomon- March 31, 2016

Nigeria has nominated the former chief of its state oil company to be the next secretary-general of the Organization of the Petroleum Exporting Countries, delegates ... Read More

Minister of State for Petroleum Resources, Ibe Kachikwu Calls for Greater Cooperation among African Oil Producers

Abdul Jimoh- December 14, 2015

Minister Of State For Petroleum, Ibe kachikwu The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has called on member countries of the African ... Read More

Nigeria gains spot as India’s top crude oil Supplier

admin- June 24, 2015

Crude Oil Reserve The shift comes as the gap between the international benchmark Brent and the Middle East price marker narrows. The premium for Nigerian ... Read More

Organization of Petroleum Exporting Countries (OPEC) Maintain Its Production Level Of 30 Million Barrels Per Day

Abdul Jimoh- November 28, 2014

  Minister of Petroleum Resources, Mrs. Diezani Alison Madueke Despite the rapid decline in oil prices in recent times and speculations of ample supplies in the global ... Read More

Tribute to Rilwanu Lukman

admin- July 22, 2014

  Former Minister of Petroleum Dr. Rilwani Lukman is dead, he died this morning in Austria at the age of 75. Alhaji Lukman was a ... Read More