Secretary General of the Organisation of Petroleum Exporting Countires (OPEC), Mohammed Barkindo
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OPEC predicts 100m bpd oil demand

OPEC Secretary-General, Mohammad Barkindo, said on Wednesday that world oil consumption would hit 100 million barrels per day later this year, “much sooner” than earlier projected. The Organization of the […]

OPEC agrees to hike in oil supply
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OPEC agrees to hike in oil supply

  The Organization of the Petroleum Exporting Countries (OPEC) on Friday agreed on a modest increase in oil production from next month after its leader Saudi Arabia persuaded arch-rival Iran […]

NNPC signs $3bn oil development deal
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NNPC signs $3bn oil development deal

The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, has said the company has signed a $3 billion oil and gas development deal to ensure development in […]