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*Virus risks undermining efforts to reverse trend of rising hunger A child receiving food in Ukhiya, Cox’s Bazar, Bangladesh. COVID-19 risks undermining efforts to reduce hunger. Photo: WFP/Saikat Mojumder Entering 2020, the…
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*The 10th (Extraordinary) OPEC and non-OPEC Ministerial Meeting was held via videoconference, on Sunday, 12 April 2020, under the Chairmanship of HRH Prince Abdul Aziz Bin Salman, Saudi Arabia’s Minister of Energy, and co-Chair HE…
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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 Nigerian Content Development and Monitoring Board (NCDMB) has handed over ambulances, ventilators and other special medical supplies to the Governments of Bayelsa, Delta and Rivers States in support of efforts to combat the spread of…
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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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