Home / Tag Archives: OPEC (page 3)

Tag Archives: OPEC

W/Bank sees world oil price rising to $60 early next year as producers maintain cuts

OPEC barkindo

World Bank forecast team has said that global oil prices, currently backed by production cutbacks by the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC states, will allow markets ...

Read More »

OPEC, non-OPEC production cuts restoring market stability – Barkindo

OPEC Ibe kachukwu

Former Managing Director of Nigerian National Petroleum Corporation (NNPC), and incumbent OPEC Secretary General, Mohammad Sanusi Barkindo shas averred that at an energy forum in Abu Dhabi that the group ...

Read More »

Two months after, Nigeria loses Africa’s top oil producer position to Angola again

OPEC Ibe kachukwu

Barely two months after recovering the African top oil producer from Angola, Nigeria has lost the position again to the same country following drop in crude sales traced to oil ...

Read More »

Danger as oil production falls to 1.2 million barrels, 1mbpd shot of 2017 budget anchor

OPEC Ibe kachukwu

If something fast is not done to raise Nigerian oil output to the 2017 budget specification of 2.2 million barrels per day (mbpd), indications are rife that the budget may ...

Read More »

Angola may takeover Africa’s number 1 position, new OPEC data shows

OPEC Ibe kachukwu

Anxiety is building up following the latest data released by the Organisation of Petroleum Exporting Countries (OPEC) showing drop in Nigeria’s oil exports contrary to earlier reports by the Ministry. ...

Read More »

OPEC agreement complementing FG’s efforts to exit recession quicker—Survey

OPEC Ibe kachukwu

Recent studies of the financial performance of the federal government by the Economic Study team (EST) of Business Hilights have confirmed that the prevailing exemption of Nigeria in the recent ...

Read More »

OPEC detects ‘high compliance’ with oil cut deal, rues US, Canada planned glut

OPEC Vienna

OPEC said Tuesday oil producers have kept their promise to cut output in accordance with a landmark deal designed to lift petroleum prices. As a result, prices rose in February ...

Read More »

New 5 year forecast by IEA raises supply concern amidst surging demands by 2020

IEA logo

Latest five-year oil market forecast from the International Energy Agency (IEA) has said that global oil supply could struggle to keep pace with demand after 2020. This means that a ...

Read More »

Recovery signs emerge as Nigeria returns to Africa’s top oil producer

Ibe Kachikwu

The reign of Angola as the leading oil producer in Africa has finally come to an end as hostilities reduces to barest minimum in the Niger Delta. At the height ...

Read More »

OPEC scribe hails FG over seamless exit from joint cash-call debt

OPEC barkindo

The visiting Secretary General of the Organisation of Petroleum Exporting Countries (OPEC) and former managing director of Nigerian National Petroleum Corporation (NNPC), Dr. Mohammed Barkindo, has commended Nigeria for exiting ...

Read More »