Tag: opec
Reps, Finance Ministry spat over N2.8b payment to OPEC
Published Date: 2021/02/17 at 11:57pm Leave a Comment on Reps, Finance Ministry spat over N2.8b payment to OPEC
By Nicholas Kalu, Abuja The House of Representatives and the Ministry of Finance on Tuesday disagreed over the procedure for paying N2.8 billion to the Organisation of Petroleum Exporting Countries…
NNPC committed to OPEC agreement, says Kyari
Published Date: 2021/01/13 at 11:39pm Leave a Comment on NNPC committed to OPEC agreement, says Kyari
By John Ofikhenua, Abuja The Nigerian National Petroleum Corporation (NNPC) has reiterated its commitment to abide by the output cut agreement of the Organization of the Petroleum Exporting Countries (OPEC)…
Brent crosses $53 as OPEC meeting resumes
Published Date: 2021/01/06 at 5:07am Leave a Comment on Brent crosses $53 as OPEC meeting resumes
By Lucas Ajanaku The price of Brent oil gained more than four per cent yesterday as the Organisation of Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+,…
OPEC to extend manufacturing
Published Date: 2020/12/18 at 1:50am Leave a Comment on OPEC to extend manufacturing
Our Reporter WHILE the most recent Petroleum Status Report tilted firmly into positive territory, the crude market has taken a cautious stance despite the bullish inventory report. In the…
Update: OPEC, Russia deal raises hope for crude oil
Published Date: 2020/12/07 at 4:06am Leave a Comment on Update: OPEC, Russia deal raises hope for crude oil
By Lucas Ajanaku A contemporary hope for oil producing international locations reminiscent of Nigeria, and Algeria was raised on the weekend as oil costs hit the very best stage…
Oil Depreciates as Cut Extension Divides OPEC
Published Date: 2020/12/01 at 6:57am Leave a Comment on Oil Depreciates as Cut Extension Divides OPEC
By Adedapo Adesanya Leaders of the Organisation of the Petroleum Exporting Countries (OPEC) adjourned their virtual meeting on Monday when they could not agree on what to do on the…
Crude Extends Bullish Run as OPEC Releases Demand Outlook
Published Date: 2020/11/12 at 6:18am Leave a Comment on Crude Extends Bullish Run as OPEC Releases Demand Outlook
By Adedapo Adesanya Oil prices held their positive run despite the Organisation of the Petroleum Exporting Countries (OPEC) revising its expectations for global oil demand downwards due to the renewed…