Abandoned investments threaten future oil sector demand
Though the price of crude oil has maintain a steady increase in the last six months, for the members of Organisation of the Petroleum Exporting Countries...
Global oil inventory to decline by 0.1mbpd in 2017
OPEC Secretary-General, Mohammed Barkindo, said rebalancing of the oil market is progressing more slowly than expected, but will speed up in the second half of the year.
OPEC production freeze fails to boost crude oil prices
The decision by the Organisation of the Petroleum Exporting Countries (OPEC) to embark on production freeze last year, offered hope for higher crude oil prices in 2017.
‘How Nigeria’s government is fixing oil sector’
We are averaging close to about 2 million barrels right now. Inclusive of condenses. If you take away the condenses we are doing about 1.6 or 1.7 but that’s without Dorcados.
Market forces responsible for low oil prices, says Barkindo
The new Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC), Mohammed Barkindo, has described the fall in crude oil market from above $100 per barrel to less than $50 a barrel as price correction.
How Nigeria’s Barkindo emerged OPEC’s scribe
Nigeria’s Mohammed Barkindo yesterday emerged the Secretary - General of the Orgnisation of Petroleum Exporting Countries (OPEC). He took over from Libya’s Abdalla Salem El Badri after a meeting...