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Business

Oil Prices Hit 2018 Lows Amidst Global Glut

Oil prices slumped to 2018 lows on Friday in thin but volatile trading, dropping over concerns of a global supply overhang amid a bleak...
Business

Oil Demand To Hit 100 Bpd In 2018 Q4, OPEC Predicts

The Organisation of Petroleum Exporting Countries, OPEC, has predicted that the world oil demand will hit 100 million barrels per day, bpd, from 99.3...
Business

Oil Production: Barkindo Speaks On Trump’s Influence On OPEC Decision

The Secretary-General of OPEC, Muhammad Barkindo, has dismissed insinuations that pressure by Donald Trump, U.S. President, played a role in Organisation of Petroleum Exporting...
Business

US Oil Hurts Nigeria, OPEC In Europe

US oil producers are reaping the benefits of OPEC’s efforts to balance the crude market by flooding Europe with a record amount of crude, hurting...
Business

OPEC: Barkindo Replies Trump’s Tweet, Says Oil Prices Not Artificial

'Dotun Akintomide with Agency Report OPEC Secretary-General, Mohammad Barkindo had said on Friday that the cartel was not seeking to artificially drive oil prices higher...
Business

OPEC Oil And Gas Investment Hits $156bn In Member Countries

About 160 projects, with an overall estimated cost of some $ 156 billion, are being undertaken by members of the Organisation of the Petroleum...
Business

Crude Oil Price Sustains Rise, Hits $70 Per Barrel

The New Diplomat With Agency Report Crude oil price hits $70 per barrel Monday amid production cuts by the Organisation of Petroleum Exporting Countries (OPEC)...
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