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Tag: Petroleum Exporting Countries (OPEC)

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Oil Prices Decline As Concerns Over Israel Embargo Subside, Venezuelan Sanctions Loosen

Oil prices declined Thursday, undoing gains from the previous session, as the Organization of the Petroleum Exporting Countries (OPEC) reject Iran's demand for an...

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Price Of Oil Rises Due To Supply Concerns Amid US Sanctions

By Ken Afor Friday saw a rise in oil prices following concerns as US sanctions on Russian crude exports raise concerns about supply in a...

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Bribery Trial: UK Court Orders Ex-Petroleum Minister, Alison-Madueke, To Wear Electronic Tag, Imposes Other Stringent Conditions

By Ayo Yusuf A Westminster Magistrate Court in the United Kingdom on Monday granted Nigeria’s former petroleum minister Diezani Alison-Madueke a £70,000 bail while imposing...

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Oil Prices Pare Gains on OPEC+ Production Rises

By Agency Report Oil prices retreated from highs hit earlier on Thursday as data showed rises in production in OPEC+ countries despite a planned production...

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U.S. Looks To Punish Saudi Arabia For Large OPEC+ Cut

Saudi Arabia’s latest move to cut crude oil production, despite U.S. please not to do so, should not have surprised Washington, and yet...

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Pipeline Surveillance Contract: Warri North Council Boss Vouches for Tompolo’s Competence, Capacity

As most Nigerians continue to salute the federal government for awarding the contract for pipelines surveillance and prevention of oil theft in the Niger...

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Oil Prices Jump As Soft Dollar, Tight Supplies Support

Oil prices extended gains on Monday, propped up by a weaker dollar and tight supplies that offset concerns about recession and the prospect of...

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