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Oil prices jump and Brent heads to 14% weekly gain The Russian Energy Ministry announced today, Friday, that the "OPEC +" meeting will be held tomorrow, Saturday, the 6th of June. "I confirm this," the official spokeswoman for the…
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The Honourable Minister of State for Petroleum Resources, Chief Timipre Sylva, has cleared the air on media reports that Nigeria is yet to comply with OPEC+ Production Cut. According to the statement made known to Oil and Gas Republic,…
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An Iranian cargo ship named Behbahan sank off the Iraqi coast on Thursday night, Iran’s Ports and Maritime Organization (PMO) published on its website on Friday quoting a PMO official as saying. Nourollah As’adi, the director-general of…
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The Federal Government, Thursday proceeded with the full deregulation of the downstream petroleum sector with the removal of the existing cap on petrol price, urging marketers to import and sell the product according to the dynamics of the…
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OPEC+ has tentative deal with Iraq on compliance with quotasAlliance to hold ministerial meeting on June 6 OPEC+ is set to extend production cuts to prop up the oil market after a breakthrough in high-stakes negotiations, and the…
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The Opec-plus alliance’s decision in April to cut production by a record 9.7 million barrels per day in the face of massive demand destruction has proved a relative success. Oil prices topped $40 per barrel this week, for the first…
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Total has entered into an agreement with SSE Renewables, to acquire a 51% stake in the Seagreen 1 offshore wind farm project for an upfront payment at closing of 70m£ and earn-outs up to 60m£ in aggregate subject to performance conditions.…
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Oil markets headed lower Thursday, on concerns record production cuts will be scaled back amid disagreements within OPEC over output reduction compliance. At 8:40 AM ET (1240 GMT), U.S. crude futures traded 1.4% lower at $36.77 a…
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…Mulls over Partnership with Developers to Reduce Nation’s Housing Deficit As part of measures to cope with the boom and bust cycle in the global crude oil market and to sustain revenue generation for the Country, the Nigerian National…
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Organization of Petroleum Exporting Countries, OPEC, leader, Saudi Arabia and non OPEC Russia have agreed a preliminary deal to extend existing record oil output cuts by one month while raising pressure on countries with poor compliance to…
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