OPEC Seeks Adherence To Oil Output Deal
The Organisation of Petroleum Exporting Countries (OPEC) has called on its member countries as well as non-OPEC countries led by the Russian Federation to conform fully to the oil production curb agreement they reached to rebalance the global...
Oil Prices Extend Decrease On Growing Supplies
Oil prices have decreased due to a projected increase in United States crude stockpiles and as Saudi Arabia committed to keep markets balanced.
Brent crude futures, the international benchmark for oil prices, fell 39 cents per barrel to trade...
Kachikwu Hopeful Oil Supply Cut Deal Would Be Extended
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, yesterday said in Jeddah, Saudi Arabia, that he hoped the crude oil supply cut agreement between the Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC members...
Amid Renewed Geopolitical Tensions, OPEC Expects Tighter Oil Market
The Organisation of Petroleum Exporting Countries has said it expects the global oil market to tighten further in the coming months amid renewed geopolitical tensions but kept its 2019 oil demand growth figure steady as the...
OPEC: Dangote Refinery’ll Reduce Fuel Imports In W/Africa
The Organisation of Petroleum Exporting Countries has said the refinery being built by Dangote Group is expected to reduce the need for fuel imports in W/Africa.
OPEC, in the current edition of its World Oil Outlook, noted that...
OPEC Projects To Constrict Oil Market In 2019
The research and analysis arm of the Organisation of Petroleum Exporting Countries pointed towards a much constrict market in 2019 as the group has seen its production fall significantly this year, led by curbs to Saudi Arabian...
