Tag: OPEC

MON, JUNE 05 2023-theGBJournal |OPEC shaved Nigeria's oil production quota by as much as 20.7 per cent Sunday after failing consistently to meet its...

MON. 03 APRIL 2023-theGBJournal | Oil price jumped to around $85 per/barrel Monday after a surprise announcement by world’s largest producers to cut production by 1.15...

SAT. 04 MARCH 2023-theGBJournal | Oil prices recovered quickly Friday after it dropped dramatically by $2 per barrel on rumours that the United Arab Emirates (UAE)...

TUE. 06 DEC, 2022-theGBJournal| Last week, the price of Brent rebounded, ending three consecutive weekly losses. Brent closed up 2.3 to settle at US$85.57/bbl....

TUE, 01 NOV, 2022-theGBJournal| Last week, the price of Brent extended gains for the second consecutive week, up 2.43% to settle at US$95.77/bbl. As...

WED, 05 OCT, 2022-theGBJournal| OPEC+ in Vienna today announced a cut in oil production of 2 million barrels a day, the deepest since the...

TUE, 16 AUG, 2022-theGBJournal| Last week, the price of Brent rebounded, gaining 3.40% w/w to settle at US$98.15/bbl. As a result, Brent is up...

WED, 03 AUG, 2022-theGBJournal| The Organization of Petroleum Exporting Countries (OPEC) and OPEC+ agreed today, at the end of their 31st Ministerial meeting, to...

WED, 06 JULY, 2022-theGBJournal| Secretary-General of Organisation of Petroleum Exporting Countries (OPEC), Mohammed Sanusi Barkindo, has died, the Organisation announced in the early hours...

TUE, 05 JULY, 2022-theGBJournal| President Muhammadu Buhari Tuesday in Abuja expressed the nation’s gratitude to the outgoing Secretary-General of Organisation of Petroleum Exporting Countries...