The latest production cuts by the Organisation of Petroleum Exporting Countries (OPEC) will prompt a draw in oil inventories, sending prices…
Browsing: OPEC
Nigeria has agreed to cut its Organisation of Petroleum Organisation (OPEC) crude production, to ensure global oil market stability, a…
Nigeria’s oil rigs count declined 13.3 per cent in April, in tandem with the country’s crude oil underproduction during the…
Russia says it slashed oil production by 700,000 barrels a day in March, far more than originally planned, according to…
•Data show country barely drilled 60% of 1.88 million bpd budget benchmark •$30bn Brass, Olokola LNG projects suffer 19 years…
Oil prices rose on Monday after OPEC+ nations held their output targets steady ahead of a European Union ban and…
Says output cuts not a decision from one country against another Says effect of proposed Russia sanctions still unclear Says…
OPEC leaders Saudi Arabia and the United Arab Emirates stand ready to deliver a “significant increase” in oil output should…
Major oil producers led by Saudi Arabia and Russia began talks Thursday on whether to adjust output, hard on the…
•OPEC, others cut oil supply by 1.6bn barrels The Nigerian National Petroleum Corporation (NNPC) yesterday assured President Muhammadu Buhari that…