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U.S. President Donald Trump has called on OPEC to raise production to cool down oil prices.
Read More »Oil Tariff Quarrel Is Short-Term Gain. Long-Term Pain
Nigeria’s Crude. Second Highest Valued in 2017 Reference Basket
An average of 692.600bd of the country’s crude oil went to Europe in 2017.
Read More »OPEC May Oil Output Hits New Low on Nigeria. Venezuela
OPEC oil output fell to a 13-month low in May.
Read More »Barkindo to be Honored as ‘Africa Oil Man of the Year’
Barkindo took over as Secretary General of OPEC in August 2016.
Read More »IEA: OPEC Production Growth Depends on Stability in Nigeria. Libya. Iraq
IEA in the Oil 2018 envisaged that excess global refining capacity would grow. but Asian refiners need more crude.
Read More »Chinese Firms Build Sub-Sea Pipeline Installation in Nigeria
The 650.000-barrels-per-day refinery will come on stream by September 2019.
Read More »Nigeria takes $1 billion from oil savings to fight militants
Nigeria will take $1 billion from a special account for oil-revenue savings to boost its war against Boko Haram Islamist militants in the country’s northeast.
Read More »Libya. Nigeria Agree To Cap at Less Than 2.8 Million Bpd Total
OPEC was discussing ‘soft targets’ of around 1.8 million bpd for Nigeria and 1 million bpd for Libya.
Read More »OPEC Deal Calls on Libya. Nigeria to Produce below 2.8 mil b d Combined
Nigeria would support an output cap for itself at 1.8 million b d and would continue to be responsible with its production.
Read More »OPEC may Include Output Quotas for Nigeria. Libya
Libya and Nigeria. both OPEC member states are exempted from the obligation to cut production within the deal.
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