Sunday, 2nd October 2022
Breaking News:

Organization of the Petroleum Exporting Countries

14 Dec 2021
Though Nigeria recorded an increase in production output last month following the lifting of force majeure on crude exports from Bonny Light terminal, the country’s rig count dropped further
2 Jul 2021
As cautious optimism trails oil demand recovery, the Organization of the Petroleum Exporting Countries (OPEC) has warned countries to be mindful of sovereign debt levels, rising inflationary pressure
27 Jan 2021
As the second wave of the COVID-19 pandemic continues to impact energy demand and global economic recovery, the Organization of the Petroleum Exporting Countries (OPEC)
15 Oct 2020
The Organization of the Petroleum Exporting Countries (OPEC), has raised its global oil demand forecast for 2020 by 60,000 barrels per day (b/d) from last month to 90.29 million b/d in October, as it sees an improvement in China’s demand for most oil products except for jet fuel.     “China so far appears to…
15 Mar 2019
Organization of the Petroleum Exporting Countries (OPEC), has warned that slowing global economic growth would weaken oil demand for 2019, providing support to calls by some of the bloc’s members to extend price-bolstering crude production cuts set to expire in June. In its monthly oil market report for March released yesterday, OPEC revised downward its…
6 Mar 2019
The Organization of the Petroleum Exporting Countries (OPEC) will likely wait until June to decide how to proceed with the production cuts as the initially set date for review, April, could be too soon to assess how the cuts and the supply from exempted and sanctioned Iran and Venezuela would affect the oil market, Reuters…


22 mins ago
The Senate Committee on Ethics, Privileges and Public Petitions is investigating the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for allegedly re-allocating Atala Marginal Oil Field (OML 46) in Bayelsa to another firm.
1 hour ago
Lagos State Police Command says it has arrested two suspected cultists in the state and recovered firearm from them. The command’s Police Public Relations Officer, SP Benjamin Hundeyin, stated this in a statement made available to newsmen on Sunday in Lagos. He said that the suspected cultists were arrested on Sept. 23 at about 6.30…
1 hour ago
Chief of the Naval Staff (CNS), Vice Admiral Awwal Zubairu Gambo has warned Officers and Ratings under his watch to stay away from partisan politics and desist from unprofessional conduct that damaged the image of the Nigerian Navy during the 2023 elections.
1 hour ago
As part of the build-up towards ensuring concrete security arrangements for the nation, as the 2023 General Elections approach, the Inspector-General of Police, IGP Usman Alkali Baba, has approved the training of the first batch of Bell 412EP B1.3 Type-Training Course for Police Airwing Aircraft Maintenance Engineers comprising 17 officers, whose training is expected to improve the technical expertise of the Aircraft Maintenance Unit of the Police Airwing and prevent operational mishaps during aerial surveillance operations.
2 hours ago
The Governor of Kaduna State, Malam Nasir El-Rufa’i has condemned the killing of two herders by a mob in Birnin Gwari Local Government Area of the state.