OPEC Reduces Nigeria’s Quota to 1.4mbpd The Organisation of the Petroleum Exporting Countries (OPEC) decision to reduce crude oil production by 10 million barrels per day...
Russia, Saudi Record Cuts Fail to Lift Oil Prices The globally anticipated meeting between giants oil producers, Saudi Arabia and Russia, failed to lift oil prices...
Oil Prices Pullback on Monday as OPEC Postpones Meeting Oil prices slightly pulled back on Monday during the Asian trading session after OPEC postponed the meeting...
OPEC Postpones Meeting With Russia to April 9, 2020 Following President Trump’s tweets that the two of the world’s largest oil producers, Saudi Arabia and Russia,...
Crude Oil Rises to $36 Per Barrel Crude oil rose to a record high in recent weeks after President Trump tweeted that Saudi Arabia and Russia...
Oil Prices Rebound Amid Possible Deal Global oil prices on Thursday rebounded amid hopes of a supply deal between OPEC led Saudi Arabia and Russia. President...
Nigerian Economy to Contract by 3.5 percent – McKinsey Nigeria’s economy could contract as much as 3.5 percent in 2020 even if Africa’s largest economy manages...
Oil Producers to Shutdown Oilfields Amid Low Prices Crude oil producers may start shutting down oil fields as the high cost of producing a barrel in...
Oil Prices Rebound on Tuesday After Plunging to 18-year Low Global oil prices climbed off 18-year lows on Tuesday after President Trump and President Vladimir Putin...
COVID-19: DPR Asks Oil Companies to Cut Offshore Workforce As Nigeria battles the spread of COVID-19 with strategic lockdowns and social distancing, the Department of Petroleum...