Nigeria, OPEC Peers To Lose $272bn Oil Revenue         Nigeria and other members of the Organisation of the Petroleum Exporting Countries will see their combined net oil export revenue fall this year to its lowest level since 2002, according to the United States Energy Information Administration. The...

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...

OPEC Seeks Quick Resolution Of US, Venezuela, Iran Conflicts The Organisation of the Petroleum Exporting Countries (OPEC) has stressed the need for a quick resolution of the conflicts between the United States, Venezuela and Iran. Following geopolitical conflicts, the U.S. has placed sanctions on Iran and...

Oil Prices Rise Over Iran Sanctions  Oil prices rose on Thursday, fuelled by expectations the United States will re-impose sanctions against Iran, a decline in output in Venezuela and ongoing strong demand. Brent crude oil futures were at 74.27 per barrel at 0643 GMT, up 27...