OPEC

Oil’s rally fizzled as a build in U.S. fuel inventories and a potential OPEC+ agreement to increase supply cooled a buying spree that had pushed the market above US$75. Futures in New York fell 2.8 per cent, the most since May. Both…
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*Hails Buhari, NASS for PIB passage ...Greets Nigeria at 50 as OPEC member -By Saidu Abubakar Mohammad Sanusi Barkindo, OPEC Secretary-General has, in a Goodwill Message at the 4th Valuechain Annual Lecture and Awards, Monday in…
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When Nigeria became a sovereign state on October 1, 1960 and thus assumed the status of an international player, it did not take time before it dawned on the country’s political leaders that, the country would need multilateral diplomacy…
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By Teddy Nwanunobi For a second on Friday, oil prices rose, as data showed a draw in U.S. inventories, but were headed for a weekly loss amid uncertainty about global supplies fueled by an Organisation of the Petroleum Exporting…
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By Teddy Nwanunobi Oil rose to $75 a barrel on Wednesday with support coming from a tight market, after a steep drop from multi-year highs in the previous session amid uncertainty about OPEC+ supply policy. Underlining current…
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OPEC+ abandoned its meeting without a deal, tipping the cartel into crisis and leaving the oil market facing tight supplies and rising prices. OPEC+ abandoned its meeting without a deal, tipping the cartel into crisis and leaving the…
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Nigeria — Africa’s largest crude oil producer and an OPEC member — is backing an easing of output cuts by the producer group to push prices lower and more affordable for key consumers. Mele Kyari, the head of state-owned Nigerian…
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The OPEC+ group of oil-producing countries will meet on Thursday and are expected to agree to boost production in August in order to meet demand and dampen recent price rises. While improvement in demand drove the group’s most recent…
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The United States West Texas Intermediate and international-benchmark Brent crude oil futures rose for a fifth week last week as fuel demand rebounded on strong economic growth and increased travel during the northern hemisphere summer,…
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Nigeria’s export receipt from oil revenue, which slumped by 98 per cent from March to April, is set for a rebound as the Organisation of Petroleum Exporting Countries (OPEC) has forecast demand to exceed 99 million barrels per…
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