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Buhari Congratulates New UAE President Sheikh Zayed, Speaks On Nigeria’s Expectations

Nigeria’s President Muhammadu Buhari has congratulated the new President of the United Arab Emirates, Sheikh Mohamed bin Zayed, who was elected President by a...
Headline

OPEC+ Misses Production Target By Whopping 2.7 Million Bpd

All 13 members of OPEC saw their production rise by just 153,000 barrels per day. OPEC's collective production rose to 28.648 million bpd...
Energy

The NOPEC Bill Could Send Oil Prices To $300

For decades, different forms of ‘NOPEC’ legislation designed to pave the way for lawsuits against OPEC have been considered by Congress. Last week,...
Headline

Nigeria Says OPEC Is Out of Spare Capacity

OPEC does not have the additional spare capacity to lift crude oil production much more than it is doing today, Nigeria’s Petroleum Minister Timipre...
News

OPEC Daily Basket Price Now $113.39 Per Barrel

The price of the Organisation of the Petroleum Exporting Countries (OPEC) basket of 13 crude oil samples stood at 113.39 dollars per barrel as...
News

OPEC+ Oil Production Is 1Million Bpd Lower Than Target Level

...Compliance with OPEC+ output cuts jumps to 136% in February. ...For more than seven months now, OPEC+ has actually added lower volumes to the market...
News

Oil Rises As UAE Backtracks On OPEC Output Boost Statement

...Crude prices tanked yesterday after the UAE Ambassador to Washington said that the UAE favors further production increases. ...Today, the Emirati energy minister, Suhail al...
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