OPEC agreement complementing FG’s efforts to exit recession quicker—Survey
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 agreement by OPEC to cut production so as to maintain…
OPEC detects ‘high compliance’ with oil cut deal, rues US, Canada planned glut
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 as last year’s accord between OPEC members and some non-members…
New 5 year forecast by IEA raises supply concern amidst surging demands by 2020
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 sharp increase in prices may compound demand woes if new…
Recovery signs emerge as Nigeria returns to Africa’s top oil producer
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 of the vandalism and kidnapping of oil workers in producing…
OPEC scribe hails FG over seamless exit from joint cash-call debt
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 the Joint Venture Cash Call debt. Cash calls is the…
