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Buhari sacks Baru, appoints Kyari as new NNPC GMD

Nigeria reaffirms commitment to OPEC production agreement

Nigeria has reaffirmed its commitment to production adjustments agreement under the Declaration of Cooperation (DoC). The agreement was reached between member countries...

Buhari: Why Nigeria, other developing countries are no longer powerful in OPEC

Buhari: Why Nigeria, other developing countries are no longer powerful in OPEC

President Muhammadu Buhari said technology has rendered Nigeria and other developing countries that used to be powerful in the Organization of Petroleum Exporting...

OPEC slashes 2019 oil demand forecast

OPEC slashes 2019 oil demand forecast

The Organization of the Petroleum Exporting Countries (OPEC) on Tuesday slashed it’s forecast for world oil demand in 2019. The exporting group cited slowing...

Non-fundamental factors impacting oil market- Barkindo

OPEC doesn’t fix crude oil prices, says Barkindo

In the aftermath of a United States House of Representatives Committee approval of a bill that would open up the Organization of the Petroleum Exporting Countries (OPEC)...

OPEC warns of crude oil glut in 2019

U.S. House committee okays bill to sue OPEC

A Bill that allows the United States Attorney General to file antitrust lawsuits against the Organization of the Petroleum Exporting Countries (OPEC) or its members has...

OPEC warns of crude oil glut in 2019

OPEC to slash output by 43.874 mbpd in 2019

The Organization of the Petroleum Exporting Countries (OPEC) and other major oil producers, will slash their crude output by 1.195 million barrels per day (bpd) to...

OPEC president says oil market is correcting

OPEC president says oil market is correcting

United Arab Emirates (UAE) Energy Minister, Suhail al-Mazrouei on Monday said the global oil market is “correcting”. Mazrouei who doubles as the Organisation of...

OPEC warns of crude oil glut in 2019

OPEC warns of crude oil glut in 2019

The Organization of the Petroleum Exporting Countries (OPEC) on Tuesday warned that an oil supply glut could emerge in 2019 as the world economy slows and supply from...

OPEC warns of crude oil glut in 2019

OPEC warns of crude oil glut in 2019

    The Organization of the Petroleum Exporting Countries (OPEC) on Tuesday warned that an oil supply glut could emerge in 2019 as the world economy slows and...

Non-fundamental factors impacting oil market- Barkindo

India oil demand to rise 5.8m bpd by 2040- OPEC

India’s oil demand is expected to rise by 5.8 million barrels per day (bpd) by 2040, accounting for about 40 percent of the overall increase in global demand during...

U.S. crude oil shipments to China halts amid trade war

Crude prices rebound, rise by 1%

  Oil prices on Friday jumped 1 percent, rebounding after two days of heavy declines with support from robust Chinese crude imports, but oil was still heading for...

OPEC warns of crude oil glut in 2019

OPEC slashes global oil demand growth forecast

OPEC on Thursday, cut its forecast of global demand growth for oil next year for a third straight month. It cited headwinds facing the broader economy, and key consuming...

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