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Economy

Libya Surpasses Nigeria as Africa’s Top Crude Oil Producer

Manny Akpan | Business & Economy Editor -
TRIPOLI, Libya - Libya has overtaken Nigeria as the continent's highest crude oil producer. According to the latest data from the Organization of Petroleum Exporting...
Business

Dangote, Kaduna, BUA Refineries to Depend on Imported Crude as Oil Theft Continues

Manny Akpan | Business & Economy Editor -
ABUJA, Nigeria - The Nigerian National Petroleum Company Limited, NNPCL, is poised to begin the importation of approximately 110,000 barrels of crude oil daily...
Economy

Oil Prices Fall As OPEC Meeting Begins

Wires | The Trent -
Oil prices fell along with weak stock markets on Thursday, December 6, 2018, but trading was tepid ahead of a meeting by the Organisation...
News

Qatar To Quit OPEC In 2019

Wires | The Trent -
Qatar is to leave OPEC next month in order for the Gulf state to focus on gas production, Energy Minister Saad al-Kaabi announced on...
Economy

Donald Trump ‘Renegade’ Tweets Pushing Up Oil Prices – OPEC

News Agency of Nigeria -
United States President Donald Trump, who recently called on OPEC producers to help reduce oil prices, has raised prices through his tweets, Iranian OPEC Governor...
Economy

Oil Prices Plunge As Iran, US Boost Production

Agency Reports -
Oil prices fell on Monday, January 9, 2016 as increased exports from Iran undermined efforts by other oil producers to curb a global fuel...
Economy

Oil Prices Rise As OPEC And Non-OPEC Producers Meet

Agency Reports -
Oil prices extended gains on Friday, December 9, 2016 on optimism that non-OPEC producers would agree to cut output following a cartel agreement to...
Economy

OPEC Reaches Deal In 8 Years, Yet $50 Oil Price Leaves Nigeria Short

Ekemini Ekwere | News Reporter -
After the Organisation of Petroleum Exporting Countries, OPEC, reached its first deal in eight years, oil prices have been on the increase but they...
Economy

OPEC Members, Stuggling Economicly, Finalise Deal To Cut Oil Production

Wires | The Trent -
OPEC clinched a deal to curtail oil supply, confounding skeptics as the need to clear a record global crude glut — and prove the...
Economy

OPEC: Increasing Demand For Oil May Keep Prices High

Chukwudi Anyimigbo | Staff Reporter -
The Organization of Petroleum Exporting Countries on Wednesday June 10, 2015 stuck to its prediction of total oil demand of 92.5 million barrels per...
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