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Tag Archives: OPEC

Expect global oil market to balance before end of 2018 – OPEC

opec

OPEC on Wednesday noted that supply and demand in the global oil market are likely to balance out by the end of 2018 as surge in demand driven by developments ...

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OPEC mulls 2018 oil cut extension with caveat

opec

OPEC and Russia are heading toward prolonging their oil supply cuts for the whole of 2018 but with an option to review the deal in June, OPEC sources said on ...

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Nigeria in need of four more deepwater projects to soar daily output—Minister

Ibe Kachikwu

…Denies any running pipeline protection deal with militants Several youths and even traditional rulers in Niger Delta were on Wednesday in Asaba, the Delta State capital, shocked to their marrows ...

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Fears as OPEC plans to impose quota on Nigeria, cuts extension for market solidity

OPEC Ibe kachukwu

Even though oil prices have remained on the rising spree, there are strong indications that oil producers may unanimously extend a production cut accord later this month but its duration ...

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Stubborn inflation, fragile economic growth may force MPC to retain all rates

CBN MPC meeting

Whereas the nation waits till later today, September 26, 2017 for the communiqué at the end of the two-day Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), ...

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OPEC deepens Nigeria’s economic recovery by staying oil cut exemption

OPEC Ibe kachukwu

A star indications that Nigeria’s economy is set to sustain recovery from recession emerged Friday following the meeting of the Joint Ministerial Monitoring Committee of the Organisation of Petroleum Exporting ...

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Nigeria economy gaining momentum on steady oil rise to $56 from refinery demand

Crude oil pipeline

As the number of U.S. rigs drilling for new production fell and refineries continued to restart after getting knocks by Hurricane Harvey, global oil prices strengthened on the rise to ...

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Nigeria lacks what it takes to resist oil cut if OPEC decides—Expert

OPEC Ibe kachukwu

A senior analysts on international oil politics, Dr. Kinsley Amodu has reacted to the statement credited to the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu in an interview ...

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Fears of crude oil price fall heighten as Nigeria, US, Libya’s outputs rise

OPEC Ibe kachukwu

The observed stability of light sweet crude in hitherto volatile Nigeria and Libya oil communities, plus stable US Shale explorations are becoming serious threats to global oil price which steadied ...

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FG may be on daily loss of N58bn if production exceeds 1.8mbpa

OPEC Ibe kachukwu

With Nigeria agreeing the Organisation of Petroleum Exporting Countries’ (OPEC) new condition not to cross 1.8mbpa, the country may begin to lose about N58bn daily if oil production exceeds the ...

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