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OPEC+ can be trusted to balance markets, UAE minister says

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Abu Dhabi, - The United Arab Emirates’ energy minister said on Monday that OPEC+ is keen on providing the world with...

OPEC+ To Discuss November Production Strategy With Cutbacks Predicted

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Vienna, - OPEC+, the oil cartel made up of most non-Western producers, will lay down its production strategy for November in Geneva...

Primate urges FG to tackle fuel subsidy, oil theft

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By LUCY OGALUE ABUJA- The Archbishop, Metropolitan and Primate of the Church of Nigeria Anglican Communion, His Grace ,Henry Ndukuba has urged the Federal Government...

OPEC daily basket price now at $101.04 per barrel

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By EMMANUELLA ANOKAM ABUJA- The price of the Organisation of the Petroleum Exporting Countries (OPEC) basket of 13 crude oil samples stood at 101.04 dollars...

NNPC Ltd: Equatorial Guinea says Nigeria a great example for Africa

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By LIZZY OKOJI ABUJA- Mr Gabriel Lima, Minister of Mines and Hydrocarbons, Equatorial Guinea has lauded the initiative of the Nigerian government for the new...

Barkindo’s death a huge loss to Nigeria — Orji Kalu

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By IKENNA UWADILEKE ABUJA- Sen. Orji Kalu, the Chief Whip of the Senate, has described death of the   Secretary-General of the Organisation of Petroleum Exporting...

Barkindo’s death a huge loss to Nigeria — Orji Kalu

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By IKENNA UWADILEKE ABUJA- Sen. Orji Kalu, the Chief Whip of the Senate, has described death of the   Secretary-General of the Organisation of Petroleum Exporting...

Late Barkindo, a worthy ambassador of Nigeria – Atiku

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By EMMANUEL l OLONIRUHA ABUJA- The Peoples Democratic Party (PDP) Presidential Candidate, Atiku Abubakar, on Wednesday mourned Muhammad Barkindo, outgoing Secretary-General, Organisation of Petroleum Exporting...

Buhari urges new Ministers to serve nation diligently

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By ISMAILA CHAFE ABUJA- President Muhammadu Buhari on Wednesday assigned portfolios to seven newly appointed ministers, charging them to serve the nation diligently, maintain unalloyed...

Buhari swears in 7 new Ministers, announces minor cabinet changes

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By ISMAILA CHAFE ABUJA- President Muhammadu Buhari has announced minor cabinet reshuffle as he swore in seven new Ministers in the State House, Abuja, on...

OPEC Secretary-General, Barkindo dies at 63

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By SOLOMON ASOWATA ABUJA- Dr Mohammed Barkindo, the Secretary-General, Organisation of the Petroleum Exporting Countries (OPEC), is dead.Mr Mele Kyari, the Group Managing Director, Nigerian...

You’ve indeed been worthy Ambassador of our country, Buhari tells Barkindo

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By ISMAILA CHAFE ABUJA- President Muhammadu Buhari has expressed the nation’s gratitude to the outgoing Secretary-General of  Organisation of Petroleum Exporting Countries (OPEC), Mohammed Barkindo, describing him...

Buhari urges UK, EU countries to invest in 4000 km Nigeria-Morocco...

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BY ISMAILA CHAFE ABUJA- President Muhammadu Buhari has stressed the need for long term partnership between Nigeria and the UK as well as the European...

OPEC daily basket price now $113.39 per barrel

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The price of the Organisation of the Petroleum Exporting Countries (OPEC) basket of 13 crude oil samples stood at 113.39 dollars per barrel as...

Oil jumps after UAE says it is committed to OPEC+ supply...

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Oil prices rebounded on Thursday after the United Arab Emirates said it is committed to major producers' pact to add 400,000 barrels per day...

Oil investment in Nigeria now at record low — Report

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Oil and gas investment in Nigeria has fallen to a record low, a new report by Renaissance Capital Limited revealed. The Russia-based investment bank...

NNPC lauds Barkindo’s leadership role in OPEC

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The NNPC Ltd. has commended Mohammad Barkindo, Secretary-General, Organisation of Petroleum Exporting Countries (OPEC) on the role he played in the formation of Declaration...

Oil price drops to $72.39 as OPEC increases production

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Brent, the crude against which Nigeria’s oil is priced, dropped in price on Monday morning following the agreement reached by members and allies of...

Diesel price surges to N290/litre as crude rises to $74.27

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The price of a litre of Automotive Gas Oil, also known as diesel, has maintained an upward trend as it rose to a record...

Oil demand will gain momentum in H2 2021 -OPEC

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The Organisation of Petroleum Exporting Countries has said that the demand for crude oil will gain momentum in the second half of 2021, beginning...