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Tag: OPEC
Era of cheap oil coming to an end- IEA
The era of cheap oil may soon come to an end, if the prediction of the International Energy Agency, IEA, is anything to go...
Oil price fall tips OPEC current account into deficit in 2015
…First since 1998
OPEC’s 2015 oil export revenues slumped 46 percent to a 10-year low, the group said in a report published, underlining the impact...
OPEC daily basket price close at $45.36/b
The price of OPEC basket of thirteen crudes stood at $45.36 a barrel on Wednesday, compared with $45.64 the previous day, according to OPEC...
OPEC expects balanced oil market in second half of 2016
OPEC has forecast that the world oil market will be more balanced in the second half of the year as outages in Nigeria and...
NNPC: Kachikwu is brain behind Barkindo’s appointment
The Nigerian National Petroleum Corporation (NNPC) says diplomatic shuttles by Ibe Kachikwu, the minister of state for petroleum resources, helped in the appointment of...
Brent Crude Oil Goes Above $50
London –  Brent crude prices held at about 50 dollars a barrel on Friday as sign that the oil market was moving back to...
Nigeria’s Mohammed Barkindo becomes OPEC secretary general as cartel looks forward...
A one-time group managing director of the Nigerian National Petroleum Corporation (NNPC), Mohammed Barkindo, was on Thursday appointed the secretary-general of the Organisation of...
‘Nigeria produces 2.2mbd of crude in February’
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Minister of State for Petroleum Resources and Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Dr. Ibe Kachikwu, says Nigeria’s oil production...
Buhari Urges OPEC Members To Unite And Help Stabilize Oil Prices
President Muhammadu Buhari in Doha, Qatar, has stressed the need for member states of OPEC and non members to unite and find a common...
Low Oil Price: Indigenous Oil Firms to Close Shop Next Year...
Indications have emerged that the decline in crude oil prices might force some indigenous oil and gas companies operating in Nigeria to close shop...
Dwindling Oil Prices: Kachikwu Faults Saudi’s Market Share Policy
Nigeria’s Minister of State for Petroleum, Dr. Emmanuel Ibe Kachikwu, has faulted Saudi Arabia’s insistence to keep oil market share despite dwindling oil prices,...
Kachikwu wants African oil producers to assert influence in OPEC decisions
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has called on member countries of the African Petroleum Producers Association, APPA, to close...
Nigerian Gov’t to privatise pipelines network — Kachikwu
Nigeria’s Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, says the Federal Government is set to privatise the petroleum products pipeline network in...
