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Nigeria sees rig count dip by 3 as OPEC records plus...

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Nigeria’s rig count declined by three last December, 2019, having recorded 17 as against 20 recorded in November, at a time the Organisation of...

OPEC to maintain output quota as oil prices slide to $65...

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The Organisation of the Petroleum Exporting Countries (OPEC), trimmed its crude oil production by 100,000 barrels daily (b/d) in December, the latest S&P Global...

Potential cuts by OPEC to keep oil price above Nigeria’s budget...

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Though observers see the price of international oil benchmark Brent crude at anywhere between $59 to $70 per barrel for 2020, based on varying...

Oil, gas instrumental to climate change solution — OPEC

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The Organisation of the Petroleum Exporting Countries (OPEC) said on Monday that oil and gas remained part of key solutions in combating climate change.  Secretary...

OPEC focused on stabilizing oil market, not deepening production cuts –...

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The Organization of the Petroleum Exporting Countries (OPEC) is mainly concerned with ensuring that the output freeze deal helps stabilize the oil market, rather...

Iran, Russia talks raise hopes of progress on OPEC meeting date

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MON, JUNE 17 2019-theG&BJournal- Iran’s oil minister is scheduled to meet his Russian counterpart in Iran later on Monday, industry sources said, raising hopes...

Iran has no plans to leave OPEC – Iranian oil minister

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Iran has no plans to leave the Organisation of the Petroleum Exporting Countries (OPEC) in spite of being treated like an enemy by some...