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Oil Prices Slump as Wary Traders Eye Upcoming OPEC+ Meeting

Oil prices edged down on Monday as traders took profits, with the Organisation of the Petroleum Exporting Countries (OPEC) considering meeting as soon as this...

Crude Oil Hits Five-Month High Over Libyan Supply Threat

Oil hit a five-month high above 71 dollars a barrel on Tuesday, supported by concern that violence in Libya could further tighten supply already...

Nigeria Ships Fewer Oil Cargoes to US

Oil cargoes departing from Nigeria to the United States fell to 103,000 bpd in December, down by 48,000 bpd, new data show. Generally exports by...

Oil Prices Close Higher On Last Day Of 2018

Oil prices climbed on the last trading day of the year on Monday, mirroring gains in stock markets, but were on track for the...

Bayelsa: JTF Free Seven Kidnapped Oil Workers, Destroy 436 iIlegal Refineries

The Joint Military Taskforce (JTF) code-named “Operation Delta Safe” said it has freed the seven kidnapped oil workers of a multi-national firm. and in...

Qatar to withdraw from OPEC, focus on gas exports

Qatar said on Monday it was quitting OPEC from January 2019 but would attend the oil exporter group’s meeting this week Saad al-Kaabi, chief...

OPEC Targets Crude Price Stability

Iraqi Deputy Oil Minister, Fayadh al-Nema, said on Wednesday that OPEC would work to stabilise oil markets, crude prices and supplies at its next...

Oil Prices at 4-Year High after OPEC Rebuffs Trump

Oil prices jumped more than two per cent to a four-year high on Monday after Saudi Arabia and Russia ruled out any immediate increase...

Nigeria’s Mohammed Barkindo Now OPEC Secretary-general

Former Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr. Mohammed Barkindo, is now the new Secretary-General of the Organisation of Petroleum...

OPEC Members Meet Thursday as Oil Prices Rise

Organization of Petroleum Exporting Countries (OPEC) members will meet on Thursday even as oil recovers in the international markets. CNN reports that the meeting is...
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