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Business

Steady Rise For Oil Price In 2018 As OPEC Extends Cuts

Oil prices are expected to rise further as Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC extends the production cut deal to Dec. 2018. Saudi...

Energy

Iran Wants OPEC To Ask Nigeria, Libya To Cut Output

OPEC ’s commitment to cutting production to clear a global glut is working, but the group needs to address rising output from Libya and...

Business

Kachikwu Seeks More Exemption From OPEC’s Crude-Cut

'Dotun Akintomide With Agency Report After two times of enjoying the facility, Nigeria would get more crude-cut exemption from the Organisation of Petroleum Exporting Countries...

Business

Pressure on Nigeria To Cut Oil Production As OPEC Meets

The pressure on Nigeria to reduce its crude oil production figure of 1.8 million per day is expected to increase as the Organisation of...

Business

Nigeria Won’t Exceed Oil Output Target, Says Barkindo

OPEC Secretary-General Mohammad Barkindo said on Monday that Nigeria has no intention of going beyond its oil production target of 1.8 million barrels per...

News

OPEC Will Remain Supportive of Nigerian Oil Output

Olamilekan Okeowo with Agency Report Saudi Energy Minister Khalid al-Falih said Monday that OPEC 10 other major oil producers remained supportive of conflict-torn Libya and...

Business

Nigeria, Libya Must Join OPEC Oil Cut, Russia Insists

Nigeria and Libya should join the deal to cut global oil production agreed by OPEC and Russia as soon as their output stabilises, Alexander...

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