Crude oil market stability will come with cut, says OPEC’s Barkindo
Mohammad Barkindo, OPEC Secretary-General said Monday that the oil market is re-balancing at a quickening pace and production cuts are
Nigeria’s Niger Delta Avengers resurface, declare “bloody” end to oil ceasefire
Just as Nigeria has started to pump more than 1.8 million bpd of crude oil for two consecutive months, the Niger Delta Avengers (NDA),
Oil prices surge, set to go above $70 as OPEC-led supply cuts tighten market
Oil prices were up early Tuesday, supported by a tightening market due to ongoing OPEC-led efforts to cut supplies, although the
Declining yields of Nigerian treasury bills may hurt banks’ interest income – Fitch
The high treasury bill yields, which have helped banks in recent times to maintain their margins, may decline in the near term and
Brent oil holds near 2-year high as Russia, Saudi Arabia set to discuss possible extension next week
Brent oil held gains near the highest level in more than two years as Saudi Arabia’s Crown Prince Mohammed bin Salman backed the
Saudi Arabia backs OPEC cuts extension beyond March 2018 for market stability
Mohammed bin Salman, the crown prince of Saudi Arabian backed the extension of OPEC production cuts beyond March 2018, making it all
OPEC working on exit strategy to reassure investors it won’t flood market after curb deal
As OPEC negotiates the extension of its oil production cuts until the end of 2018, it’s also quietly started working on an exit
Countries that could push oil prices up
By Nick Cunningham Oil prices appear to be stuck in the $50s per barrel, but that doesn’t mean there aren’t serious
OPEC oil output rises in September as Libya, Nigeria recover
OPEC nations pumped slightly more crude in September as Libya’s biggest oil field returned to production. Output from the Organization
OPEC must address rising Libya, Nigeria oil output, says Iran
Bijan Namdar Zanganeh, Iran’s Oil Minister said OPEC’s commitment to cutting production to clear a global glut is working, but the