Crude Oil Pulled Back Despite Joe Biden Stimulus Crude oil pulled back on Friday despite the $1.9 trillion stimulus package announced by U.S President-elect, Joe Biden....
OPEC Says Uncertainties Remain High in 2021 The Organization of the Petroleum Exporting Countries (OPEC) on Thursday said global uncertainties remained high going forward in 2021...
OPEC Reduced Crude Oil Demand for the First Quarter of 2021 The Organisation of Petroleum Exporting Countries (OPEC) on Monday lowered expected global oil consumption for...
The Organisation of the Petroleum Exporting Countries (OPEC) on Tuesday said Nigeria’s oil revenue rose by 116 percent in November. The oil cartel said the 116...
OPEC and allies finally agreed to ease their 7.7 million barrels per day production cut by 500,000 barrels per day starting from January 2021. This will...
Revenue of OPEC Members to Drop to 18 Year Low in 2020 The United States Energy Information Administration (EIA) has predicted that the oil revenue of...
Dangote Refinery, Other Smaller Ones in Egypt, Algeria to Compete With Existing Refineries Dangote refinery with 600,000 barrels per day capacity alongside other smaller refineries coming...
Oil Price Drops Following OPEC+ Meeting Oil price extended its decline on Friday following OPEC+ meeting on Thursday. Brent crude oil, against which Nigerian oil is...
Nigeria’s Economic Productivity May Suffer With Rising Debt Servicing The Organisation of the Petroleum Exporting Countries (OPEC) on Tuesday said Nigeria’s rising cost of servicing debt...
OPEC Oil Output Drops to Over Two-Decade Low in June Crude oil sustained $42 per barrel price level following a recent survey conducted by Reuters that...