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Gas is the new petrol - FG to Nigerian car owners, intervention fund, NCDMB, output cut, Petroleum Industry Bill to be passed by mid-2020, says Sylva, FG discovers crude oil in north, says there’s more , OPEC, non-OPEC countries to meet as Saudi, Russia price war affects Nigeria’s budget, FG considers fuel price reduction, OPEC deal: Nigeria to generate additional $2.8 billion revenue as FG reacts

Nigeria’s oil Minister, Timipre Sylva, appointed Special Envoy by OPEC’s JMMC

by Chike Olisah

February 4, 2021

Timipre Sylva has been appointed by the JMMC of OPEC as Special Envoy to some participating countries.

Saudi, Russia agree to cut oil by 20 million barrel, Further oil production cut required to keep oil price above $40 in 2020 , OPEC + deal to boost Nigeria’s earnings by $2.8 Billion, Oil Still Bullish After OPEC+ Decision

Outcome of OPEC’s Joint Ministerial Monitoring Committee

by Opeoluwa Dapo-Thomas

The cumulative OPEC+ cut in August and September would be some 8.4million bpd.

Saudi, Russia agree to cut oil by 20 million barrel, Further oil production cut required to keep oil price above $40 in 2020 , OPEC + deal to boost Nigeria’s earnings by $2.8 Billion, Oil Still Bullish After OPEC+ Decision

OPEC’s influence on the Oil Markets

by Opeoluwa Dapo-Thomas

OPEC has been regarded as a cartel and has acted as a cartel of late.

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