OPEC+ Set To Meet Today As Oil Prices Recover   Oil prices recovered after a turbulent session as traders counted down to the Organisation of Petroleum Exporting Countries and allies (OPEC+) meeting which is set to hold today over September supply. West Texas Intermediate futures climbed more...

Crude Oil Price Hits Over $100/barrel   The price of crude oil climbed above the $100 mark on Sunday hitting $101.16/barrel after trading around $98/barrel since Tuesday, as oil marketers in Nigeria maintained an increased pump price for Premium Motor Spirit, popularly called petrol, higher than...

Oil Drops Below $100, Nigeria’s Production Now 1.158mb/d   Brent, the international benchmark for crude, fell below $100 per barrel on Tuesday as the latest figures released by the Organisation of Petroleum Exporting Countries showed an increase in Nigeria’s oil production from 1.024 million barrels per...

OBITUARY: Mohammed Barkindo, the 'Stabiliser' who Made Nigeria Proud in Global Energy Community, by Rahma Oladosu   "Life's but a walking shadow, a poor player, That struts and frets his hour upon the stage, And then is heard no more. It is a tale Told by an idiot, full...

You Have Made Nigeria Proud - Buhari Celebrates Outgoing OPEC Boss, Barkindo   President Muhammadu Buhari has expressed the nation’s gratitude to the outgoing Secretary-General of Organisation of Petroleum Exporting Countries (OPEC), Mohammed Barkindo, describing him as a worthy ambassador of the country. Receiving Barkindo at State...

Nigeria’s Oil Output Drops By 23.8% To 1.024m bpd — OPEC   Nigeria’s oil output dropped Year-on-Year, YoY, by 23.8 per cent to 1.024 million barrels per day, mbpd, in May 2022, from 1.344 mbpd recorded in the corresponding period of 2021, according to the Organisation...