OPEC

Oil prices hit their highest of 2019 on Tuesday, with Brent crude approaching $70 a barrel, on the prospect that more sanctions against Iran and further Venezuelan disruptions could deepen an OPEC-led supply cut. Brent futures reached a…
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-By Gideon Osaka There are concerns that Nigeria, whose mainstay of the economy is oil, may not achieve its expected revenue from the product in 2019, as the United States, India and other buyers appear to be shunning the country’s…
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The price of OPEC basket of fourteen crudes stood at $67.03 a barrel on Tuesday, compared with $66.19 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes (ORB) is made up…
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May loading worsens country’s sale overhang Over 20 cargo-loads of Nigeria’s crude oil, last weekend, suffered bearish sale unsold over worsening buyers’ apathy, forcing Nigeria to keep the April official selling price (OSP) for the…
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*April cargoes clearing up at market Nigeria’s crude grades may rise above $2 per barrel above dated Brent in May, according to market schedule for May seen by SweetcrudeReports. According to schedule, Exxon Mobil is already offering…
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...Says OPEC/non-OPEC relationship to be captured in charter Dr. Mohammed Sanusi Barkindo is the Secretary-General of the Organization of the Petroleum Exporting Countries, OPEC, appointed to superintend the group’s affairs at the…
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The price of Organization Petroleum Exporting Countries, OPEC basket of fourteen crudes stood at $66.67 a barrel on Friday, compared with $67.78 the previous day, according to OPEC Secretariat calculations. The OPEC Reference…
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Industry expert has reiterated that Nigeria requires a steady investment of $25b annually to be able to generate 3m barrels per day, which can stimulate sustainable economic growth for the country. Mr. Ademola A.…
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The Organisation of Petroleum Exporting Countries (OPEC) has revealed that Nigeria’s crude oil blend – the Bonny Light – was among the top price earners in its February Oil price Reference Basket (ORB), with a 7.7 per cent price gain from…
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The price of Organization of Petroleum Exporting Countries basket of fourteen crudes stood at $66.91 a barrel on Friday, compared with $67.29 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of…
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