Organisation of Petroleum Exporting Countries (OPEC)

President Muhammadu Buhari is currently meeting behind closed doors with the new and immediate past Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Melee Kyari at the Presidential Villa, Abuja.  The…

The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has urged Mr. Mele Kyari, the incoming Group Managing Director of NNPC, to grant members credit facility to ensure more efficient petroleum product distribution.…

The Organisation of Petroleum Exporting Countries (OPEC) says it has cut its forecast for global oil demand growth and warned of potential further cuts as international trade disputes continue to fester. OPEC said in its monthly report…

Global oil supply dropped in March as U.S. sanctions and power outages pushed Venezuela’s crude output to a long-term low of 870,000 barrels per day (bpd). The International Energy Agency (IEA) said on Thursday that Thia was even lower…