OPEC

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 …

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 …

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 …

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 …

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 …

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 …

Equatorial 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 …

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, …