OPEC Oil Output Hits Record High in November OPEC’s oil output set another record high in November ahead of a deal to cut production, a Reuters...
Focus Shifts to Execution after OPEC Deal After an intensely negotiated meeting, the Organisation of Petroleum Exporting Countries (OPEC) decided to cut crude oil production amongst...
Oil Resumes Rise after OPEC Cut Oil prices resumed their rise Thursday and held above the $50 barrier following OPEC’s decision to carry out its first...
Ericsson Sacks 160 Nigerian Workers, Takes Jobs to India Ericsson Nigeria, the local subsidiary of the global telecommunications solutions provider, has disengaged about 160 permanent and...
OPEC Confounds Skeptics, Agreeing to First Oil Cuts in 8 Years OPEC confounded its doubters and sent crude oil prices soaring by agreeing to its first...
Oil Prices Fall as OPEC Fails to Stop Excess Production Oil prices dipped Tuesday as expectations dimmed of an OPEC agreement to reduce the cartel’s gushing...
Oil Retreats Below $47 Before OPEC Meeting as Metals Snap Rally Oil retreated back below $47 as OPEC members failed to bridge their differences on production...
Nigerian Oil Misses Goals After Legal Gridlock Deters Investors When OPEC exempted Nigeria from its plan to cut oil output for the first time in eight...
Nigeria Gets $1.7bn Discount From IOCs International oil companies operating in the country have discounted $1.7bn off Nigeria’s $6.8bn cash call Joint Venture debts that accrued...
Oil Rallies 3% Ahead OPEC Meeting Oil prices rose three per cent yesterday to their highest in three weeks, catching a lift from a weaker dollar,...