OPEC oil cut adherence rises – Survey
OPEC deepened compliance with an oil supply-cutting deal in December due to a further decline in Venezuelan output and extra ...
Tag: OPEC
Stakeholders bemoan 2017 challenges, hope for better 2018
At the outset of 2017, the Federal Government had raised a lot of expectations regarding the future of Nigeria’s petroleum ...
Nigeria’s Bonny Light crude oil hits $67.10 a barrel
The price of Nigeria’s Bonny Light crude oil reached $67.10 per barrel to emerge the highest priced product among members ...
Oman projects budget deficit in 2018 on low oil price
The Gulf state of Oman adopted on Monday its 2018 budget projecting a deficit of $7.8 billion due to low ...
Oil prices near June 2015 high as production cuts tighten market
Oil prices were stable on Tuesday, with Brent crude lingering near 2015 highs on the back of an outlook for ...
We can now account for every barrel of oil sold, says NNPC
The Nigerian National Petroleum Corporation (NNPC) says it can now account for every barrel of oil sold as it has ...
OPEC countries require $10.5tr to meet oil demand
Members of the Organisation of the Petroleum Exporting Countries (OPEC) are said to require investments of about $10.5trillion to meet ...
U.S. Shale Output Rises As OPEC Production Falls To 6-Month Low
OPEC’s crude oil production dropped to a six-month low in November, while U.S. and other non-OPEC supply has grown stronger ...
EIA Reports Major Draw In Crude Inventories
Amid rising oil prices thanks to the three-week suspension of the Forties pipeline and a major inventory draw estimated by ...
Nigeria, Libya move to boost oil output in 2018
Less than two weeks after the Organization of Petroleum Exporting Countries (OPEC)’s decision to extend oil production cuts, Libya and ...
