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OPEC expects increase in global oil demand in 2021 amid world’s post-pandemic recovery

Posted by Lilian Osigwe
|Date: June 30, 2021
| 0 comments

OPEC expects increase in global oil demand in 2021 amid world’s post-pandemic recovery

The technical committee of the Organization of the Petroleum Exporting Countries (OPEC); has confi ...

The technical committee of the Organization of the Petroleum Exporting Countries (OPEC); has confirmed its previous outlook concerning the growth in global demand for oil; according to the OPEC ...

June 30, 2021
| by Lilian Osigwe

| 0 comments

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OPEC, Allies agree to boost output, betting on demand rebound

Posted by Lilian Osigwe
|Date: April 02, 2021
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OPEC, Allies agree to boost output, betting on demand rebound

OPEC and an alliance of other top oil producers agreed to boost their collective production ...

OPEC and an alliance of other top oil producers agreed to boost their collective production by more than two million barrels a day over coming months; betting on resurgent demand as they ...

April 02, 2021
| by Lilian Osigwe

| 0 comments

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OPEC commends Nigeria on compensation conformity regarding oil production

Posted by 1st news
|Date: March 05, 2021
| 0 comments

OPEC commends Nigeria on compensation conformity regarding oil production

The Organisation of Petroleum Exporting Countries (OPEC) has commended Nigeria for achieving full conform ...

The Organisation of Petroleum Exporting Countries (OPEC) has commended Nigeria for achieving full conformity in January 2021 and compensating its entire overproduced volumes. The organisation gave the ...

March 05, 2021
| by 1st news

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OPEC reveals Nigerian crude oil export earnings rebounded by 116% in November

Posted by Mayowa Oladeji
|Date: December 09, 2020
| 0 comments

OPEC reveals Nigerian crude oil export earnings rebounded by 116% in November

The Organisation of Petroleum Exporting Countries (OPEC), says the Nigerian Crude oil export earnings reb ...

The Organisation of Petroleum Exporting Countries (OPEC), says the Nigerian Crude oil export earnings rebounded by 116 per cent in November against 77 per cent in April 2020. The OPEC Secretary-Genera ...

December 09, 2020
| by Mayowa Oladeji

| 0 comments

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Oil prices extend gains on COVID vaccine hopes, Mideast tensions

Posted by Lilian Osigwe
|Date: November 23, 2020
| 0 comments

Oil prices extend gains on COVID vaccine hopes, Mideast tensions

Oil prices rose 1% on Monday, extending gains as traders eyed a recovery in crude demand due to su ...

Oil prices rose 1% on Monday, extending gains as traders eyed a recovery in crude demand due to successful coronavirus vaccine trials; and concerns over tensions in the Middle East. Sent ...

November 23, 2020
| by Lilian Osigwe

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OPEC boosts output as new virus wave sends oil crashing

Posted by Kingsley Alaribe
|Date: November 03, 2020
| 0 comments

OPEC boosts output as new virus wave sends oil crashing

The effort from OPEC to shore up world oil markets during the pandemic is facing a new threat -- from the ...

The effort from OPEC to shore up world oil markets during the pandemic is facing a new threat -- from the group’s own rising production. In the past few months, the resurgent coronavirus has increasin ...

November 03, 2020
| by Kingsley Alaribe

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OPEC again cuts 2021 oil demand forecast as virus cases rise

Posted by Lilian Osigwe
|Date: October 13, 2020
| 0 comments

OPEC again cuts 2021 oil demand forecast as virus cases rise

World oil request will bounce back more gradually in 2021 than recently suspected as Covid cases rise, OP ...

World oil request will bounce back more gradually in 2021 than recently suspected as Covid cases rise, OPEC said on Tuesday, adding to headwinds looked by the gathering and its partners in adjusting t ...

October 13, 2020
| by Lilian Osigwe

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President Buhari justifies borrowing to fund infrastructure

Posted by Kingsley Alaribe
|Date: September 17, 2020
| 0 comments

President Buhari justifies borrowing to fund infrastructure

President Muhammadu Buhari Tuesday justified government borrowing to finance infrastructure; asserting th ...

President Muhammadu Buhari Tuesday justified government borrowing to finance infrastructure; asserting that his government took loans in the interest of the country to solve the dire shortfall in infr ...

September 17, 2020
| by Kingsley Alaribe

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OPEC reports Nigeria’s oil imports exceeded exports by $58.5bn over 5yrs

Posted by Mayowa Oladeji
|Date: August 01, 2020
| 0 comments

OPEC reports Nigeria’s oil imports exceeded exports by $58.5bn over 5yrs

The Organisation of Petroleum Exporting Countries (OPEC), on Saturday, August 1, revealed that the value ...

The Organisation of Petroleum Exporting Countries (OPEC), on Saturday, August 1, revealed that the value of petroleum imports into Nigeria exceeded the value of exports by $58.5bn within a five-year p ...

August 01, 2020
| by Mayowa Oladeji

| 0 comments

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Oil prices drop as market reacts to rising COVID-19 cases, US-China tension

Posted by Kingsley Alaribe
|Date: July 27, 2020
| 0 comments

Oil prices drop as market reacts to rising COVID-19 cases, US-China tension

Global oil prices slightly dropped early Monday morning; no thanks to the second wave of COVID-19 which i ...

Global oil prices slightly dropped early Monday morning; no thanks to the second wave of COVID-19 which is influencing investors to focus on safe-haven assets. Another major contributing factor to the ...

July 27, 2020
| by Kingsley Alaribe

| 0 comments

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