OPEC members meet to extend oil production cuts
The OPEC oil producers’ club will meet virtually to mull over an extension to production cuts as the coronavirus pandemic continues to weigh on global demand.
Ministers…
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OPEC
Oil falls to $47 as fate of OPEC+ deal uncertain
The international oil benchmark, Brent crude, pared some of its recent gains on Thursday as what seemed to be shaping up as a smooth OPEC+ meeting has hit some turbulence…
OPEC+ mulls oil output tweak amid second wave of pandemic
Saudi Energy Minister Abdelaziz bin Salman said on Tuesday that major oil countries might have to adapt their current production strategy in the face of the resurging…
Oil falls below $40 per barrel as OPEC forecasts slower demand recovery
Brent Crude, the international oil benchmark, fell below the $40 per barrel mark on Monday.
Brent, against which Nigeria’s crude oil is priced, fell by $0.36 to $39.47…
Oil prices rise as China imports large volumes of U.S. crude
Oil prices rose on Monday as China’s plans to ship in large volumes of U.S. crude in August and September outweighed concerns over a slowdown in demand recovery after the…
Nigeria earned $206.06bn from crude oil in last five years… OPEC
Nigeria earned a total of $206.06bn from crude oil exports in the last five years, according to the Organisation of Petroleum Exporting Countries.
Nigeria is Africa’s largest oil…