Nigeria and Libya are the only two OPEC-member countries not given chance to contribute on the debate on the Organisation’s new initiative aimed at influencing hike...
The International Energy Association (IEA) has named Nigeria and Middle East as major oil producing countries playing positive role in the market recovery of Organization ofPetroleum...
Declining oil output from Nigeria, France and a shortfall in US inventories combined on Monday to shore up oil prices to their highest in eight month....
The Minister of State for Petroleum Resources and Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) on Monday, Mr. Ibe Kachikwu assured that despite...
A deal to freeze oil output by OPEC and non-OPEC producers fell apart on Sunday after Saudi Arabia demanded that Iran join in despite calls on...
Oil reached a 2016 high, hitting 43 dollars a barrel on Tuesday, raising hope for funding of the 2016 budget which had been predicated on $38...
Speculations are rife that President Buhari will nominate Mohammed Barkindo as the next OPEC secretary general. Sources close to government disclosed Thursday that the former helmsman...
Oil prices, Friday, rose above the bench mark for Nigeria’s 2016 budget by $4.29, as prives rose for the third straight days. The latest price upward...
After positive signs of improving crude prices, hopes faded again on Tuesday, as prices dipped further below $40 per barrel. The further fall in prices may...
Minister of Petroleum, Dr. Ibe Kachikwu said Tuesday that Nigeria is taking the lead in a global effort aimed at freezing the level of oil production....
The price of Brent crude, on Monday, rose to hit a 2016 high of $40 per barrel. It was the sixth rise in consecutive trading days...
There seems to be a general optimism, though cautious, over Friday’s upsurge in the prices of crude in the international market. After selling below the $30...
Prices of crude in the international market made a dramatic increase on Friday, reaching a two-month high, as the Brent North Sea crude reached $38.72 a...
Having concluded the lesser Hajj to round off his visit to Saudi Arabia, President Muhammadu Buhari on Saturday left that country for Qatar, to attend the...
Ahead of a widely-anticipated U.S. interest rate increase next week and worries over economic growth, the naira yesterday sank to N260 to a dollar at the...
Secretary General of the Organisation of Petroleum Exporting Countries (OPEC) Abdalla El-Badri says there are a number of uncertainties and challenges facing the industry, and called...
Contrary to the expectations that the Organisation of Petroleum Exporting Countries (OPEC) will reduce the flow of crude oil to the global market to reduce the...
In his book, “One Hundred Million Dollars in One Day”, Michael Field narrated an incident that happened at the Organisation of Petroleum Exporting Countries (OPEC) meeting...
