OPEC oil output rises in May as cut-exempt Nigeria, Libya pump more

OPEC oil output rose in May, the first monthly increase this year, a Reuters survey found…

OPEC action on supply: Oil price remains unstable

Oil prices remained unstable on Monday as increases in U.S. drilling activity undercut an OPEC-led push…

Nigerian Olusegun Adekunle appointed OPEC board Chairman

The Organisation of Petroleum Exporting Countries (OPEC) on Friday announced the appointment of Olusegun Adekunle as…

OPEC appoints Adekunle, Alternate Chairman Economic Commission Board

The Organisation of Petroleum Exporting Countries (OPEC) on Friday, announced the appointment of  Olusegun Adekunle as…

Prices fall as OPEC extend oil deal for fresh 9 months

The Organisation of Petroleum Exporting Countries (OPEC) says it has agreed to extend oil production cuts…

Equatorial Guinea joins OPEC

Africa’s third-biggest oil producer, Equatorial Guinea, has been accepted as a new member of the Organisation…

OPEC extends oil output cut by nine months to fight glut

OPEC decided on Thursday to extend cuts in oil output by nine months to March 2018,…

Equatorial Guinea joins OPEC

Africa’s third-biggest oil producer, Equatorial Guinea, has been accepted as a new member of the Organisation…

Nigeria opened to joining oil output cuts, says Kachikwu

Minister of State for Petroleum Resources Emmanuel Kachikwu said on Thursday that conceptually Nigeria was not…

Kuwait says OPEC, non-OPEC could deepen oil cuts

  OPEC and non-member oil producers could deepen output cuts or extend them for a year…

OPEC set to prolong oil cuts as delegates predict smooth meeting

OPEC will likely agree to extend production cuts for another nine months, delegates said on Tuesday…

OPEC set to prolong oil cuts as delegates predict smooth meeting

OPEC will likely agree to extend production cuts for another nine months, delegates said on Tuesday…