Organisation of the Petroleum Exporting Countries

 Oil prices edged higher on Thursday ahead of an OPEC meeting where members are expected to agree on deeper output cuts in an effort to prop up prices and prevent a glut next year. Sources told Reuters that OPEC was seeking to increase…

Ranks fourth on OPEC’s list •Experts warn FG on new Deep Offshore Act Babajide Okeowo Nigeria raked in a whopping N1.6 trillion from crude oil exports in 2018 ranking fourth on The Organisation of the Petroleum Exporting…

Brent crude oil prices hit 2019 highs above $65 per barrel on Friday, spurred by OPEC-led supply cuts and a partial shutdown of Saudi Arabia’s biggest offshore oil field. Brent rose as far as $65.10, pushing past the $65 mark for the…

Libya’s National Oil Corp on Friday urged all parties to avoid escalation of conflict at the El Sharara oilfield, the country’s largest, saying it would not restore normal operations until security had been restored. “Worker safety…

Oil prices fell on Thursday after U.S. crude inventories rose and the country’s production held at record levels, but OPEC-led supply cuts and Washington’s sanctions against Venezuela supported markets. U.S. West Texas Intermediate (WTI)…

Oil prices fell along with weak stock markets, on Thursday, but trading was tepid ahead of a meeting by the Organisation of the Petroleum Exporting Countries (OPEC). The meeting is expected to result in a supply cut aimed at draining a…

Russia is planning to sign a partnership agreement with the Organisation of the Petroleum Exporting Countries (OPEC), Energy Minister Alexander Novak said on Monday. Novak said the deal would be discussed at  the OPEC Dec. 6 meeting.…