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OPEC Oil Production Drops

By Akanimo Sampson In OPEC's Monthly Oil Market Report for this January, the organisation revealed that OPEC-14 production ‘’averaged...

APICORP Warns, Says OPEC Cuts Not Enough to Stabilise Oil Prices

By Akanimo Sampson There are still worrying indicators that oil prices are not in a hurry...

OPEC, Allies Seal Oil Production Cut Deal

By Akanimo Sampson A global consultancy concern, Stratas Advisors, has reported that after two days of negotiations, the Organisation of Petroleum Exporting Countries (OPEC) and...

Group Charges African OPEC Members on United Front

Kingsley Obot The African Energy Chamber has urged the Organization of the Petroleum Exporting Countries and other key global oil producers, including Russia, to continue...

The African Energy Chamber Applauds Angola’s Move To Join The Gas...

The African Energy Chamber congratulates Angola on becoming the sixth African country to join the Gas Exporting Countries Forum (GECF), after Nigeria and Equatorial...

OPEC Output Peaks Amid Outages

The oil output of the Organisation of Petroleum Exporting Countries (OPEC) has risen this month to  it highets as Gulf members pumped more after...

Osibanjo Urges Attraction Of Investments From Non-OPEC

…seeks planning for zero oil world …as Kachikwu emerges APPO president Vice President, Yemi Osibanjo on Monday called for a re-twinkling of the African Petroleum Producers’...

Oil Prices Jump After U.S. Abandons Iran Deal, Plans ‘Highest Level’...

Oil prices rose more than  two per cent on Wednesday, with Brent hitting a 3-1/2-year high, after U.S. President Donald Trump abandoned a nuclear...

Nigeria Has Lost Us Oil Export Market Forever—Kachikwu

Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has said Nigeria has forever lost United States of America, USA, as a significant crude...

Oil Rises Towards $80 On US Crude Inventory Drop, Weaker Dollar

Oil prices on Thursday hit their highest since December, 2014, pushed up after U.S. crude inventories posted a 10th straight week of declines and...

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