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OPEC
Oil: FG Requests Higher Production Quota
· Insists no more crisis
By Teddy Nwanunobi
Despite struggling to meet its production quota recently, the Federal Government, on Tuesday, at the ongoing three-day Gastech 2021 conference, which began at the World Trade Centre!-->!-->!-->!-->!-->!-->!-->…
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Nigeria in talks with OPEC+ to raise its quota, petroleum minister says
*Sylva said that he didn't expect the Organization of the Petroleum Exporting Countries and its allies, a group known as OPEC+, to take any extraordinary measures when they meet next month
Nigeria is in talks with OPEC+ to raise!-->!-->!-->!-->!-->…
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Crude Oil Price Pushes Nigeria’s External Reserves Growth by $1.96bn
By Teddy Nwanunobi
Nigeria’s external reserves received some boost by the crude oil price, as the reserves grew by 3.71 per cent, or $1.96 billion, in the last 19 days.
The external reserves, according to the Central Bank of!-->!-->!-->!-->!-->!-->!-->…
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Abdelaziz Bouteflika, former Algerian president, dies aged 84
*OPEC mourns with Algeria
Algeria’s longest-serving president, Abdelaziz Bouteflika, who resigned in 2019 amid pro-democracy protests after two decades in power, has died aged 84.
The state television announcement on Friday,!-->!-->!-->!-->!-->!-->!-->…
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OPEC turns 61
“The year 2021 marks the 61st Anniversary of that auspicious day and represents an opportunity to reflect on the Organization’s past and look to the future"
The year 2021 marks the 61st anniversary of the Organization of the!-->!-->!-->!-->!-->…
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Oil Prices Drop While Keeping Previous Sessions’ Gains
"Crude inventories fell by 6.4 million barrels in the week to September 10 to 417.4 million barrels, the EIA said, compared with expectations in a Reuters poll for a 3.5 million-barrel drop"
By Teddy Nwanunobi
Oil prices slipped!-->!-->!-->!-->!-->!-->!-->…
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Why Bank Of America Thinks Oil Prices Are Heading To $100
"Downside risks include a new COVID-19 wave, taper tantrum, a China debt crisis, and the return of Iranian crude barrels"
Oil prices could hit $100 per barrel over the next six months if we have a colder-than-usual winter, which!-->!-->!-->!-->!-->…
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OPEC SG, Barkindo Meets Venezuela’s Petroleum Minister
By Teddy Nwanunobi
For the first time in history, the duo of the Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), HE Mohammad Barkindo, and the Minister of Economy and Petroleum of Venezuela, HE Tareck!-->!-->!-->!-->!-->…
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OPEC’s Economic Board for 21st Special Meeting
By Teddy Nwanunobi
The Economic Commission Board (ECB) of the Organisation for Petroleum Exporting Countries (OPEC), on Tuesday, met for its 21st Special Meeting via videoconference.
The ECB is carrying out a detailed technical!-->!-->!-->!-->!-->!-->!-->…
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Oil Production: Buhari Appreciates Saudi Arabia for Accommodating Nigeria
By Teddy Nwanunobi
President Muhammadu Buhari, on Tuesday, appreciated Saudi Arabia for accommodating Nigeria a number of times by conceding oil production quota to Nigeria in the past.
Buhari’s Special Adviser on Media and!-->!-->!-->!-->!-->!-->!-->…
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