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Nigeria will continue collaborating with other OPEC+ Nations in the historic efforts to adjust crude oil production towards rebalancing and stabilizing the global crude oil market for the benefit of all. This was contained in a release…
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On Saturday, Mexico refused to extend oil production cuts until the end of July, agreed by OPEC members and other major producers yesterday (OPEC +). On Saturday , OPEC + agreed to extend the historical production…
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...cuts oil production to 510-520m tons in 2020 Russian Energy Minister Alexander Novak said that the global oil market is still fragile and it is important that all OPEC members and non-members fully adhere to the agreement to reduce…
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Saudi Arabia called out the cheats at yesterday’s OPEC meeting — the countries that hadn’t fully reduced oil output in May as agreed — and extracted promises that they would compensate with even deeper reductions in the third quarter. Now…
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Nothing is so strong as gentleness, and nothing is so gentle as real strength. This saying captures the life and times of Dr. Maikanti Baru, former Managing Director of the Nigerian National Petroleum Corporation (NNPC). He still looms so…
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The Federal government has restated its commitment to the April 2020 Oil Production cut agreement by OPEC+ Members. Timipre Sylva,the Minister of State for Petroleum Resources who stated Federal government’s position said Oil producing…
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The 179th Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) was held via videoconference, on 06 June 2020, under the Chairmanship of its President, HE Mohamed Arkab, Minister of Energy of…
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The 11th OPEC and non-OPEC Ministerial Meeting was held via videoconference, on Saturday, 06 June 2020, under the Chairmanship of HRH Prince Abdul Aziz Bin Salman, Saudi Arabia’s Minister of Energy, and co-Chair HE Alexander Novak,…
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Nigeria has tracked down and grounded the luxury private jet purchased by its former oil minister, Dan Etete, with some of the alleged proceeds of the notorious $1.3 billion Malabu OPL245 oil deal. Asset recovery lawyers acting for the…
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The Department of Petroleum Resources (DPR) in Nigeria State on Friday, warned that any filling station in the state selling Premium Motor Spirit (petrol) above the approved pump price per litre would be sanctioned. The DPR’s Operations…
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