Tag: opec

NNPC: 52m Crude Oil Barrels Lost To OPEC Cuts

NNPC

Nigeria lost at least 52 million barrels of crude oil between May and December 2020 to COVID-19-induced compulsory supply cuts imposed by the Organisation of Petroleum Exporting Countries (OPEC), according Read More

OPEC, Allies Agree To Ease Oil Production Curbs

Organisation of the Petroleum Exporting Countries (OPEC)

Transparency influenced financing deal for refinery rehabilitation, says NNPC The Organisation of Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, yesterday resolved to gradually ease its oil output Read More

OPEC Slashes Q2 Oil Demand Estimate By 690,000 bpd

Organisation of the Petroleum Exporting Countries (OPEC)

Says Nigeria produced additional 161,000bpd in February The Organisation of Petroleum Exporting Countries (OPEC) yesterday pruned the demand outlook for crude oil in the next two quarters, in keeping with Read More

At $66, Soaring Oil Price Reinforces Imminent Hike In Petrol Cost

Crude oil

House investigates alleged breach of local content in $2.6bn AKK project The increase in the pump price of petrol has become imminent as Brent crude oil, against which Nigeria’s oil Read More

Analysts Project $100 Supercycle For Oil Post-pandemic

Oil rig

Barkindo: Industry investments declined by 30% in 2020 A steady rise in oil prices since late last year could presage a new ‘supercycle’ in oil as the world economy recovers Read More

Africa Must Produce To Benefit From WTO, Say Soludo, Rewane

Former Governor of the Central Bank of Nigeria (CBN), Prof. Charles Soludo

A former Governor of the Central Bank of Nigeria (CBN), Prof. Charles Soludo, Managing Director, Financial Derivatives Company Limited, Mr Birsmack Rewane, and former Nigerian ambassador to the United States,Read More

At $63, Crude Oil Price Hits 13-month High

Organisation of Petroleum Exporting Countries (OPEC)

Nigeria to eliminate gas flaring by 2025 Oil prices yesterday maintained their upswing, hitting their highest in about 13 months on the back of vaccine rollouts expected to increase demand Read More

Oil Price Rises To $58, OPEC Exceeds Output Cut Target

Organisation of the Petroleum Exporting Countries (OPEC)

House: $20bn crude unaccounted for in eight years The Organisation of Petroleum Exporting Countries (OPEC) yesterday said its members had achieved 101 per cent adherence to crude oil output cut Read More

Barkindo: OPEC Halted 1.3bn Barrels Supply To Raise Oil Price

Organisation of the Petroleum Exporting Countries (OPEC)

House promises to protect Nigeria’s interest in PIB The Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC), Dr. Sanusi Barkindo, yesterday highlighted the role played by the Declaration of Read More

Automobiles’ Import Levy Reduction Will Reduce FG’s Revenue, Report Warns

Policy contradicts BPE-led committee’s recommendation The Federal Government’s decision to slash import levy on cars, tractors and mass transit vehicles as stated in the Finance Act 2020, will negatively affect Read More