OPEC, Russia Deal Raises Hope For Crude Oil
A fresh hope for oil producing countries such as Nigeria, and Algeria was raised at the weekend as oil prices hit the highest level since early March after major producers agreed to a cautious increase in output...
Nigeria’s Oil Rig Count Drops By 30% In One Month
Nigeria’s active rig count has dropped significantly by 30 per cent to seven in October 2020 as against 10 recorded in the previous month.
The rig count is a reflection of the level of exploration, development,...
NNPC Targets N11trn Revenue For 2021, $14bn Industry Spending
The Nigerian National Petroleum Corporation plans to generate N11.39tn revenue in 2021, while projecting an increase in oil and gas output and sales between 2021 and 2023.
According to a written presentation to the National Assembly by...
OPEC Seeks Oil Recovery, Continues Production Cut Talks
The Organisation of the Petroleum Exporting Countries will, on Tuesday, continue its discussion on the extension oil production cuts as it set its sights on “oil market stability in the interest of producers, consumers and the global...
OPEC Ministers Meet On Oil Cuts
Top energy decision makers from across the Organisation of Petroleum Exporting Country (OPEC) are scheduled to meet today in furtherance of the 23-nation network’s consideration oil output.
Today’s full OPEC ministerial meeting comes ahead of tomorrow’s meeting between OPEC and...
Oil Drops To $47 As Fate Of OPEC+ Deal Uncertain
The international oil benchmark, Brent crude, pared some of its recent gains on Thursday as what seemed to be shaping up as a smooth OPEC+ meeting has hit some turbulence with an airing of grievances.
Brent,...
