OPEC
Market shrugs off OPEC+ cuts, sending oil prices lower
Oil prices dropped by more than 2 per cent on investor skepticism over the effectiveness of the OPEC+ production cuts…
Oil slips on eased tensions over potential Israel embargo
Business a.m Oil prices plunged on Thursday, after the Organization of the Petroleum Exporting Countries (OPEC) did not appear to…
Oil prices surge to highest quotations in 2023 amid supply concerns
By Onome Amuge. Global oil prices jumped to their highest settlement price of 2023, following a ‘larger-than-expected’ slump in US…
UK charges former petroleum minister,Allison-Madueke to court over alleged bribery
The UK government has announced bribery charges against Diezani Alison-Madueke, former Nigerian oil minister for allegedly receiving substantial financial rewards…
OPEC, IEA, World Bank data say Nigeria gas flaring down 45% in 10yrs
By Ben Eguzozie. Data from OPEC, the global oil cartel, validated by the International Energy Agency (IEA) and the World…
Geopolitics favour Nigeria’s $9bn target from LNG Train 7
By Ben Eguzozie. Geopolitics, especially the dynamics that have so far played out in the war between Russia and Ukraine,…
OPEC slashes Nigeria’s oil output 20.7% to 1.38 mb/d
By Cynthia Ezekwe THE Organisation of Petroleum Exporting Countries and its allies (OPEC+) has slashed Nigeria’s oil output,…
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