‘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…
Dangote refinery can only alter situations in W’Africa, Nigeria in particular—OPEC
More revelations have emerged from the new global Outlook on oil and gas activities released by the Organization of Petroleum Exporting Countries (OPEC) on Africa, hinting that the coming on stream of Dangote Refinery cannot change narrative beyond West Africa…
OPEC keeps cuts alive after Suadi Arabia-Russia understanding
Pleasant future is ahead as Russia and Saudi Arabia agreed to extend their cooperation to balance the oil market into 2019, but left the details of any supply cuts to be resolved in the coming days as OPEC and its…
Oil market nearing strategic rebalancing as prices continue looking up – OPEC
OPEC on Thursday said that after long years of embarrassing low oil prices, the global oil market is moving closer to reaching a healthy balance between supply and demand. A look at the monthly oil market report, the Organization of…
2017 budget in real danger if Nigeria can’t borrow again as oil cut looms
Putting it in perspective; First of all, the Organization of Petroleum Exporting Countries (OPEC) on July 24 will decide whether Nigeria and Libya will join other 12 member nations in observing oil production cut as part of the cartel’s effort…
OPEC raises alarm as US oil output disrupts steady market balance, cuts targets
There are fears from the quarters of the Organization of Petroleum Exporting Countries (OPEC) are now in perpetual jittery as increased oil production in the United States is hampering efforts to balance market supply and demand. This fear was expressed…
Nigeria ready to beg OPEC for extension of oil production cuts exemption
As duration for the Organization of Petroleum Exporting Countries (OPEC) cuts window draws near, federal government has given an indication that it will prevail on the global oil cartel to extend Nigeria’s exemption considering the observed monetary strikes by militants…
