‘Putin’s retaining of friendly Russia’s energy minister good for Africa’-AEC
Russia’s President Vladimir Putin has appointed a new cabinet, keeping key ministers. Amongst those retaining their seats in office is the country’s energy minister Alexander Novak who played an instrumental role in the oil production deal with the Organization of…
Changes in markets reactions on oil demand’ll drive next OPEC meeting—Barkindo
In line with commitments to keep global crude oil markets balanced this year and beyond, Secretary-General of OPEC, Mohammad Barkindo has hinted of factoring in the factors into calculations in the upcoming ministerial meetings. In an interview, he said the…
Supplies from non-OPEC nations to determine planned production cuts
Thursday, delegates at of Organisation of the Petroleum Exporting Countries (OPEC) members ruled that its planned cut in oil output will effectively depend on the contribution from non-OPEC producer, Russia. Already, Nigeria is under pressure to join cuts which analysts…
Oil prices fall due to Russia’s gradual output increase threat to Nigeria revenue projections
Though global oil prices eased on Friday as Russia hinted it may gradually increase output, after having withheld supplies in concert with producer cartel OPEC since 2017, industry observers say the development may spell doom for the Nigerian economy which…
‘Russia’s total compliance with OPEC’s supply cut deal will stabilize oil price’
Global analysts on the movement of oil prices have welcomed moves by the Russian government to key into the ongoing OPEC’s supply cut deal, saying the cartel will gain more from the rare move. Already, the Russian Energy Minister, Alexander…
