OPEC
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International
Russia’s Oil Output Exceeded OPEC+ Quotas In May, Pledges To Meet Obligations
Russia’s energy ministry said on Thursday that its oil production in May exceeded quotas set by the OPEC+ group of…
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Business
Dangote Refinery To Boost Global Refining Capacity By 6.9mbpd
Dangote’s 650,000 barrels-per-day (bpd) oil refinery project has been identified as one of the oil distillation companies that would boost…
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Energy
NNPC Agrees With OPEC+ On Output Cut, To Prioritise Revenue Growth
The Nigerian National Petroleum Corporation (NNPC) has reiterated its commitment to abide by the output cut agreement of the Organization…
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Energy
OPEC+ Extends First Phase Production Adjustment To End Of July
Nigeria will continue collaborating with other OPEC+ Nations in the historic efforts to adjust crude oil production towards rebalancing and…
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Energy
Oil price crashes into negative territory, first time in history
U.S. crude oil futures collapsed below $0 on Monday for the first time in history, amid a coronavirus-induced supply glut,…
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News
OPEC sends condolences to Nigeria over Kyari’s death
Organization of the Petroleum Exporting Countries (OPEC) has sent condolences to President Muhammadu Buhari and the entire country over Abba…
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Energy
OPEC: Nigeria, South Sudan join Others to stabilise Oil Market
The Hon. Minister of State for Petroleum Resources, Nigeria, and Minister of Petroleum of South Sudan, Hon. Puot Kang Chol…
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Energy
G20 backs OPEC+ as Mexico refuses cuts
In an historic effort to power the oil and gas industry out of its worst tailspin in its 100-year history,…
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