HAPPYBDPMB: A Dozen Reasons for President Buhari’s Re-election – By Garba Shehu
On Monday December 17, 2018 President Muhammadu Buhari, who is seeking re-election for a second term of office, will be marking his 76th birthday and, in his own words,…
OPEC, Russia Agree to Reduce Oil Output By January Despite Trump Pressure
OPEC and its Russia-led allies agreed on Friday agreed to slash oil production by more than the market had expected despite pressure from U.S. President Donald Trump to reduce…
AEC Urges OPEC, Others to Restore Stability to the Oil Markets With Continued Production Cuts
The African Energy Chamber, AEC, urges the Organisation of the Petroleum Exporting Countries, OPEC and other key global oil producers, including Russia, to continue with the…
Oil Output: Saudi Arabia Seeks United Front; Russia and Nigeria May Resist Production Curbs
Saudi Arabia will not cut oil output on its own to stabilise the market, Energy Minister Khalid al-Falih said on Wednesday as Nigeria and Russia said it…
OPEC: Saudi Seek Collaboration With Nigeria On Oil Price Stability Ahead Meeting
Saudi Arabia and Nigeria government have met to strategise ahead of the Organisation of Petroleum Exporting Countries (OPEC) meeting in Vienna, in December. Dr Ibe Kachikwu, Minister of…
Oil Producers Retaliate Against Trump’s Iran Sanctions Waivers with $70 Price Tag per Barrel
 Russia, the biggest oil producer, clearly stated last week that an oil price of $70 per barrel is satisfactory. With this, rest of the oil producers feel…
Over 180 Pipeline Points Have Been Vandalised so Far in the Country – NNPC
The Nigerian National Petroleum Corporation (NNPC) says 188 pipeline points have been vandalised in the country, as against 165 recorded last month, with Ibadan-Mosimi accounting for 124 points or…
OPEC says global trade dispute may hit energy demand
OPEC Secretary-General Mohammad Barkindo expects global trade disputes to hit energy demand and eventually hurt economic growth. Barkindo told reporters on Wednesday in Cape Town that OPEC was hopeful the…
Oil approximately $74 on report of U.S. inventory drop, Iran sanctions
Brent oil rose to approximately 74 dollars a barrel on Wednesday as an industry report showing a drop in U.S. crude inventories and U.S. sanctions on OPEC producer, Iran, pointed…
OPEC oil output reaches 2018 peak from Gulf nations’ supply
OPEC oil output has risen this month to a 2018 high as Gulf members pumped more after a deal to ease supply curbs and Congo Republic joined the group, a…