OPEC

President of the United States of America, Donald J. Trump has, through his Twitter handle today, taken credit for the agreement reached to cut oil production globally. This is emerging barely 24 hours after the Declaration of Cooperation…
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Saudi Arabia's Energy Minister, Prince Abdulaziz Bin Salman said on Monday that effective global oil supply cuts would amount to around 19.5 million barrels per day, taking into account the reduction pact agreed by OPEC+, pledges by other…
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*With coronavirus ravaging the world, one of the victims is the economy of the world in general and Nigeria’s in particular In March, the Finance Minister, Zainab Ahmed, revealed the preparedness of Nigeria to review the 2020 budget…
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FILE PHOTO © REUTERS/Ints Kalnins The OPEC+ cartel’s milestone decision to cut production has seen prices rise on Monday, bringing temporary relief to the oil markets that were severely hit in the midst of the global coronavirus…
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The Oil Age has powered the world for well over a century. There have been two general schools of thought about how it will ultimately end. There were those who believed that oil production would peak and begin to decline in the face of…
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On Easter Sunday, April 12th, 2020, Nigeria joined its other OPEC+ counterparts to bring into effect the agreement to cut 9.7 Million Barrels of supply following the alignment of Mexico. Nigeria's Minister of State for Petroleum…
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…After Mexico refuses to yield output cuts On Thursday, Riyadh, Moscow and other OPEC+ members and partners tentatively agreed to cut crude output by some 10 million barrels per day (bpd) over the next two months, with the deal…
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The Organisation of Petroleum Exporting Countries, OPEC says, the Coronavirus Disease Pandemic has compelled it to assess and reassess the consequences in the Oil Market on an almost daily basis to find solutions to help all people of…
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*Leonid Fedun admits that the deal with OPEC had negative aspectsct Lukoil has hailed the results of the oil production cuts deal between OPEC+ and a number of other nations, the company’s vice -president and co-owner, Leonid Fedun,…
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•Expects $15 per barrel price rebound, cuts output to 1.4mbd Nigeria says it expects to gain about $2.8 billion from its sale of crude oil in the coming months if the weakened prices of the commodity gain an additional $15 per barrel…
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