Russian oil production edged down to 11.00 million barrels per day (bpd) in April from 11.05…
Tag: OPEC
Oil cut deal now at 98% compliance level, says OPEC
The Joint OPEC-Non-OPEC Ministerial Monitoring Committee (JMMC) says the historic oil cut deal reached in November/December…
World oil demand to rise – OPEC
The Organisation of Petroleum Exporting Countries (OPEC), has said demand for oil around the world is…
Nigeria’s external reserves rise by $109m in 12 Days
Although the Central Bank of Nigeria (CBN) has been consistent in its supply of dollars at…
Kachikwu: OPEC to attempt bringing US into next oil deal
The Minister of State for Petroleum Resources, Ibe Kachikwu, says the Organization of the Petroleum Exporting…
IEA says global oil market nears balance even as stocks rise
Global demand for oil is finally close to outstripping supply after nearly three years of surplus…
OPEC figures show oil output cuts exceed pledge in March
OPEC states cut oil output in March by more than they pledged under supply curbs, according…
OPEC’s war on oil overhang starts to bear fruit
OPEC appears to be slowly winning the battle against a global overhang of crude and oil…
West Africa Crude: April cargoes clear, but fresh Qua loading delays
Several cargoes from April loading programmes cleared out on Friday, but trading was otherwise limited while…