OPEC

Oil prices drop amid glut concerns, as Trump abandons global climate pact

Oil prices tumbled below $50 on Friday amid worries that U.S. President Donald Trump's decision to abandon a global climate…

Nigeria, Libya get OPEC soft landing on increased production

Nigeria and Libya have received a soft landing from the Organization of Petroleum Exporting Countries (OPEC) over both countries' current…

Nigeria could seize cheap deep-sea oil production moments

New projections suggesting deep-sea oil production costs are becoming cheaper and that oil at $50 per barrel would sustain such…

Nigerian Senate votes to halt Eni’s Port Harcourt refinery deal

Nigeria's Senate voted on Tuesday to halt a concession agreement with the local unit of Italian oil firm Eni to…

Oil fell on oversupply worries despite OPEC deal

Oil prices fell on Tuesday on concerns that output cuts by the world's big exporters may not be enough to…

OPEC is falling short on its promise to do ‘whatever it takes’ to stabilize oil prices

Few days back, 25th March,  OPEC met market expectations by extending the OPEC and non-OPEC crude oil production cuts enacted…

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