Nigeria’s daily oil production capacity for the rest of the year will be significantly below the revised volume of about 1.7 million barrels contained in the proposed amended 2020 Appropriation …
Tag:
OPEC
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Nigeria may soon slip out of reckoning as a profitable oil producer in the Organisation of Petroleum Exporting Countries (OPEC) if crude oil prices decline further by at least another …
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Indication emerged yesterday that the Federal Government was still consulting on whether the pump price of petroleum products should be slashed as a result of the crash in the crude …
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As against the Minister of Petroleum Resources, Timipre Sylva’s claim in Saudi Arabia that Nigeria was compliant with the Organisation of the Petroleum Exporting Country’s (OPEC) increased production output for …
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OPEC will debate this week whether to cap oil output from Nigeria and Libya, which have so far been excluded from supply curbs due to falling production amid unrest, two …
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Saudi Energy Minister Khalid al-Falih said Monday that OPEC and 10 other major oil producers remained supportive of conflict-torn Libya and Nigeria as they attempt to recover and increase crude …
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Media
Africa’s Third-Biggest Oil Producer, Equatorial Guinea Accepted as Member of OPEC
by Arinze Agoby Arinze AgoEquatorial Guinea rated as the third-biggest oil producing nation in Africa has finally joined the Organisation of the Petroleum Exporting Countries. Africa’s third-biggest oil producer, Equatorial Guinea, has been accepted …
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Crude oil price yesterday rose to around $56 per barrel, supported by signs that Russia and the Organisation of the Petroleum Exporting Countries (OPEC) are delivering on promised supply reductions, …