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30-10-2014 23:52:00 | by: Default Admin User | hits: 4299068 | Tags:


More revenue for Nigeria, others as oil production cut begins - OPEC
02-01-2017 | 12:34:00
The agreement by the oil producing nations to cut about 2 million barrels of crude oil off the market commenced yesterday giving hopes for commodity-reliant nations like Nigeria of more revenue in 2017.
Libya Doubles Oil Production Since OPEC's Algeria Meeting
03-11-2016 | 12:00:00
Libya's National Oil Corporation spokesman has reported that the country's oil production rose to 670,000 bbl/day this week, up from the 363,000 bbl/day that the country produced when OPEC members representatives met in Algeria the last week of September.
[Nigeria] Oil Firms to Increase Spending in 2017
04-10-2016 | 12:26:01
The oil industry appears to be ready to open its wallet after two years of slashing investments, BMI Research, a Fitch rating company said. This came on the hopes raised in the global market over Organisation of Petroleum Exporting Countries, OPEC, group reaching an accord last week on production cut back to boost revenue.
Ahead of OPEC Meeting, Libya Ups Oil Output by 70%
22-09-2016 | 12:29:00
Libya has achieved the unthinkable: oil production in the war-torn country is actually up substantially in recent weeks, as some idled oil fields came back into operation.
OPEC Supports Nigeria’s Diversification Agenda
05-09-2016 | 11:31:00
Secretary-General of Organisation of Petroleum Exporting Countries (OPEC), Mohammad Sanusi Barkindo, has declared his support for Nigeria’s ongoing efforts to diversify the economy and expanding the agricultural sector.
OPEC Sees Brexit Risk to Oil Demand, Slide in Non-OPEC Supply
14-07-2016 | 12:06:00
OPEC said the U.K.’s vote to leave the European Union could curb global economic growth next year, notably in Europe, where the risk is that demand for oil could fall.
OPEC oil production on the rise again, Nigeria sees largest increase in June
14-07-2016 | 10:49:00
The Organization of Petroleum Exporting Countries produced nearly 32.9 million barrels of oil a day in June, according to its monthly statistical bulletin.
Nigeria Minister of State named new OPEC President
17-12-2015 | 11:26:00
The minister of state for petroleum, Mr Ibe Kachiukwu, has replaced Mrs Diezani Alison-Madueke as the conference president of the Organisation of Petroleum Exporting Countries (OPEC).