OPEC has raised, stabilised crude oil price – Iran oil minister
OPEC has managed to raise crude prices and stabilise the oil market, OPEC member Iran’s oil minister was quoted on Monday as saying by his ministry’s website SHANA. “OPEC’s performance…
Oil prices fall over surge in covid-19 cases in US
Oil prices fell on Tuesday, erasing earlier gains, on concerns that the surge in coronavirus cases in the United States, the world’s biggest oil user, will limit a recovery in…
Buhari in phone call with Saudi Crown Prince over oil price
Saudi Crown Prince Muhammed Bin Salman, in a phone call with Nigerian President Muhammadu Buhari, reviewed the current progress made on the Opec+ deal, state news agency (SPA) said on…
Oil prices dip as demand worries outweigh tighter supply
Oil prices slid on Monday as concern grew that a record rise in coronavirus infections worldwide could stall a recovery in fuel demand, outweighing tighter supplies from major producers. Brent…
NNPC says OPEC+ production cut deal necessary to re-balance the oil market, insists it’ll not cut jobs this year
Nigeria did not fully comply with a pact by oil producers to rein in output to balance markets but will make additional cuts to make up for the lapse…
Iraq fully committed to the OPEC+ cut deal – Oil minister
Iraq’s new oil minister Ihsan Abdul Jabbar affirmed in a phone call with Saudi energy minister Prince Abdulaziz bin Salman Iraq’s full commitment to the OPEC+ production cut deal, the…
Nigeria backs idea to compensate for excessive oil output as OPEC, OPEC+ agree to extend oil cuts
The Federal Government has backed the idea of compensating for its excessive output in May and June, agreeing to make additional oil production cuts from July to September. Nigeria produced…