Obiang Lima to resume as OPEC president in 2023
By Innocent Obasi Gabriel Mbaga Obiang Lima, who is currently the mines and hydrocarbons minister of Equatorial Guinea will become the
The dangerous outlook of Nigeria’s crashing oil output
BY MARCEL OKEKE. For a very long while, even with spiking oil prices in the international market, Nigeria’s oil output and export have
After the Russian import ban, could emerging markets help meet the EU’s oil demand?
BY OXFORD BUSINESS GROUP Emerging markets are exploring opportunities to help meet the EU’s energy demand following the
Barkindo, ex-OPEC scribe, urges all-solutions approach to energy transition
BY MADUABUCHI EFEGADI A former secretary-general of the Organisation of Petroleum Exporting Countries (OPEC), Mohammed Barkindo, has
IEA sees global oil demand rising 2% to new high in 2023
BY HABEEB ADAMU Global oil demand will rise more than 2 percent to a record high of 101.6 million barrels per day (bpd) in 2023, the
Nigeria’s oil production plunges 1.2mbpd in April – OPEC data
BY CHISOM NWATU Nigeria’s crude oil production lost 1.53 percent to an average of 1.219 million barrels per day (mbpd) in the month of
OPEC forecasts slow recovery as world oil demand tumbles
Onome Amuge The Organisation of Petroleum Exporting Countries (OPEC) on Monday said that the world oil demand will drop in 2020 than
Oil holds gains made on high OPEC+ compliance
BY: Moses olajuwon Obajemu Oil prices steadied on Tuesday, hanging on to gains from the previous session thanks to high compliance
OPEC+ achieves 95 percent compliance with oil cuts in July-Report
BY: Moses olajuwon Obajemu Compliance with OPEC+ oil output cuts stood at 95 percent and rose to 97% in July, according to OPEC+
Oil slides below $45 as supply rises
BY: Moses olajuwon Obajemu Oil edged further below $45 a barrel on Friday, giving up some of this week’s gain, under pressure from