Tag archive for ‘OPEC’
By metro On Thursday, February 15th, 2018
0 Comments

OPEC, investors to attend Nigeria petroleum summit

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu says Members of the Organisation of Petroleum Exporting Countries (OPEC), and many stakeholders in the oil sector will participate in the first Nigeria More...

Ibe Kachikwu
By metro On Thursday, February 15th, 2018
0 Comments

Nigeria “not ruffled” by oil price drop, OPEC must focus on costs – Kachikwu

Nigerian oil minister Emmanuel Ibe Kachikwu said he was “not ruffled” by the recent oil price decline and OPEC member nations needed to focus on their production costs OPEC needs to just focus on itself and More...

Barkindo
By metro On Tuesday, February 13th, 2018
0 Comments

OPEC’s Barkindo says has Putin’s word Russia won’t flood oil market – CNBC

OPEC Secretary-General Mohammad Barkindo told CNBC on Tuesday he has President Vladimir Putin’s word that Russia will not flood the oil markets. * Barkindo told CNBC: “I have had and received assurances both More...

By metro On Tuesday, November 28th, 2017
0 Comments

Oil falls on doubts over OPEC, pipeline restart

OPEC Oil prices fell on Tuesday on uncertainty over the outcome of a key OPEC meeting this week due to decide on production policy for the next year. Brent crude oil LCOc1 fell 58 cents on the day to $63.26 a barrel More...

Oil prices
By metro On Thursday, November 16th, 2017
0 Comments

Oil steady as expected output pact extension offsets U.S. supply

Oil prices steadied on Thursday as traders looked ahead to the OPEC meeting at the end of this month, when producers are expected to extend output cuts, sheltering prices from the impact of rising U.S. crude production More...

By metro On Thursday, November 16th, 2017
0 Comments

Oil rises amidst expected extension of OPEC cuts

OPEC Oil markets edged up on Thursday as expectations that OPEC will extend production cuts at a meeting at the end of this month outweighed rising U.S. crude production and inventories. Brent crude futures, the More...

refinery
By metro On Monday, November 13th, 2017
0 Comments

U.S. crude oil exports to Asia soar, complicating OPEC’s efforts: Russell

U.S. crude oil is flooding into Asia, and may continue to do so as the arbitrage window that was initially created by Hurricane Harvey remains open, even though the disruption from the costliest storm to hit the More...

refinery
By metro On Monday, October 23rd, 2017
0 Comments

Reps aims to pass oil bill by mid-2018 – lawmaker

Nigeria’s lower chamber aims to pass the long-awaited Petroleum Industry Bill (PIB), which seeks to overhaul the West African nation’s energy sector, in the second quarter of 2018, a lawmaker said on Monday. The More...

By metro On Tuesday, October 3rd, 2017
0 Comments

Oil exports will be main topic at OPEC, non-OPEC meeting in Moscow – Novak

Oil exports will be in the spotlight at a meeting between OPEC and non-OPEC members in Moscow this week, Russian Energy Minister Alexander Novak said on Tuesday. Novak said energy and oil ministers from more than More...

OPEC
By metro On Friday, September 29th, 2017
0 Comments

OPEC oil output edges higher in Sept as Iraq, Libya pump more

PEC oil output has risen this month by 50,000 barrels per day (bpd), a Reuters survey found, as Iraqi exports increased and production edged higher in Libya, one of the producers exempt from a supply-cutting deal. OPEC’s More...