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Breaking News:

Mohammed Barkindo

20 Oct 2021
The Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), Mohammed Barkindo and the Group Managing Director of the Nigerian National Petroleum Corporation...
16 Aug 2021
The Organisation of Petroleum Exporting Countries (OPEC) has congratulated President Muhammadu Buhari for signing into law the Petroleum Industry Bill (PIB).
17 Sep 2020
The Organisation of Petroleum Exporting Countries (OPEC) has said oil demand growth in China is currently the only certainty for rebound, with consumption in the country rising through the remainder of 2020, and recovering completely in 2021.
16 Sep 2020
The Organization of the Petroleum Exporting Countries (OPEC), has said oil demand growth in China is currently the only certainty for rebound, with consumption...
15 Jan 2020
OPEC+ members will remain united in their stewardship of the oil market, whether or not their current production cuts are extended beyond their currently scheduled March expiry, OPEC Secretary General Mohammed Barkindo said Monday.
11 Oct 2019
The Organisation of the Petroleum Exporting Countries (OPEC), Russia, and their allies have not ruled out deeper oil output cuts when they next meet December 5-6 in Vienna, Austria, even as OPEC’s analysis arm revised upward its forecasts of demand for the group’s crude this year and next.
10 Apr 2019
Goldman Sachs has adjusted its second quarter (Q2) 2019 Brent oil price forecast upwards by 11.5 per cent from $65/barrel to $72.50/b to reflect stronger assumptions on OPEC output cuts, further tightening of U.S. oil sanctions on Venezuela, and Iran, as well as only moderate growth in U.S. shale production. OPEC in March tightened the…
8 Jun 2018
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...
26 Jul 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.
13 Jul 2017
Nigeria will reject the attempt by the Organization of Petroleum Exporting Countries (OPEC) to reduce the crude oil quota granted it at its last Ordinary Meeting in Vienna, Austria.
29 Mar 2017
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.
3 Mar 2017
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.


1 hour ago
The Defence Headquarters says the troops of Operation Whirl Stroke have arrested four kidnappers, neutralised three bandits and rescued a kidnapped victim in recent operations in parts of Benue.
1 hour ago
President Muhammadu Buhari, in the course of the week, visited Kigali, Rwanda, where he participated in the 26th Commonwealth Heads of Government Meeting, and also held bilateral talks with world leaders. The Nigerian leader, who returned to Abuja on Sunday, had while in Kigali, visited the Kigali Genocide Memorial in Rwanda where he made a…
1 hour ago
The Police Command in Delta has allegedly killed three suspected armed robbers and arrested one, in two separate robbery operations in the state.
4 hours ago
Gold-digging is a stereotyped worldview with a myopic insight. It's one that younger men dreaming of marriage express dissatisfaction over, as the victims of this belief system are ladies longing for a comfortable life after the knot is tied. We could be safer, at least, to reduce our statistics on men, because their rates of…
4 hours ago
Jewelries can be classified as personal ornaments such as necklaces, rings or bracelets that are typically made from or contain jewels and precious metal. Gold is the ultimate luxe material that people all over the world wear for many different reasons. It's the perfect accessory for any outfit, a way of showing off wealth or…