Nigeria records slight increase in crude oil rig count

Nigeria’s oil rig count slightly increased to 26 in February, from the 25 recorded in January, this…

Oil drops as U.S. drilling growth threatens OPEC cuts

Oil fell as a U.S. drilling revival undermines the potential for OPEC output curbs to rebalance…

OPEC detects ‘high compliance’ with oil cut deal

The Organisation of the Petroleum Exporting Countries (OPEC), said Tuesday oil producers have kept their promise…

OPEC cuts helping to stabilise Middle East OSV market

OPEC cuts to oil production are helping to stabilise the offshore supply vessel (OSV) market in…

OPEC’s Barkindo pushes cooperation with financial players

The Organisation of Petroleum Exporting Countries (OPEC) can no longer ignore the impact that financial markets…

US shale oil ‘wakes up’ to frustrate rising crude prices

The resilience of the US shale is set to frustrate the Organisation of Petroleum Exporting Countries…

Nigeria, Algeria, others lost $1tn to oil crash – Barkindo

Nigeria, Algeria and other members of the Organisation of Petroleum Exporting Countries (OPEC) lost a cumulative…

Oil price crash: Worst days for Nigeria over – OPEC

Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC), Mohammed Barkindo, yesterday, disclosed that the worst…

Kachikwu: Barkindo has ‘intellectual insanity’ for OPEC job  

Minister of State for Petroleum Resources, Ibe Kachikwu, on Monday said he nominated Mohammad Barkindo as…

OPEC scribe arrives Nigeria on 4-day visit

The Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC), Dr Mohammad Barkindo has arrived in…

Too early to say whether output cuts to be extended -Qatar minister

It is still too early to say whether oil producers will extend their output reduction agreement…

Oil rises as OPEC aims deeper cuts

  Oil prices rose more than one dollar a barrel on Tuesday after OPEC said it…