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OPEC Ministers Meet On Oil Cuts

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

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,...

We Begged People To Buy Oil At $9, Say Kyari

We Begged People To Buy Oil At $9, Say Kyari       The Group Managing Director of the Nigerian National Petroleum Corporation, Mallam Mele Kyari, said buyers were begged to purchase the Nigerian crude oil at $9 per barrel in April. The global oil benchmark, Brent crude, plunged...

Stock: Market Extends Gain With N106bn

Stock: Market Extends Gain With N106bn         Trading activities on the equity market on Tuesday further closed upbeat as investors continued to take position on blue-chip stocks in anticipation of a fair third-quarter results. The key market performance measures, the NSE All-Share Index rose by 0.70 per...

Nigeria’s Oil Rig Count Rises By 2 As OPEC’s Decreases By 14

Nigeria’s Oil Rig Count Rises By 2 As OPEC’s Decreases By 14         Nigeria has for two months now continued to experience rise in oil production as its rig count moved up by two, having recorded 10 in September, as against eight recorded in August. Earlier in...

WTO: Okonjo-Iweala on the cusps of history

WTO: Okonjo-Iweala on the cusps of history Who becomes the next Director-General of the World Trade Organisation (WTO) in a matter of weeks? It will surely be either Nigeria’s Ngozi Okonjo-Iweala and South Korea’s Yoo Myung-hee. Members of WTO have since picked the two celebrated women...