The meeting of the Joint Ministerial Monitoring Committee of OPEC and Non OPEC Countries ended in Vienna on Friday  endorsing Nigeria's position that the exemption granted it at the November 2016 Ministerial Conference and extended by the May Ministerial Conference should be sustained until...

Petroleum practice should allow states to be allocated specific acreages and then encouraged to enter into joint ventures to explore and exploit oil resources in the allocated acreages. This is among the recommendations of the Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu,...

The current practice by the Organisation of the Petroleum Exporting Countries (OPEC) members of cutting the prices of their crude oil goes beyond just retaining market share. Many are also desperate to meet economic development targets, which are being frustrated by the twin problems of...