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Tag: Mohammed Barkindo

This Nigerian Tops The List As The Next OPEC Secretary- General

OPEC says other oil producers lack additional capacity to replace Russian supply affected by sanctions

by Chike Olisah

OPEC has revealed that it is impossible for other oil producers to replace Russian supply as that additional capacity does ...

global oil market, Bonny Light and Brent crude oil, Arthur Eze, Nigeria cuts crude oil production to 1.77mbpd, Nigeria wants international oil companies to pay up now , OPEC+ deal gets a boost as Russia and Saudi Arabia consider further output cut, 4 key reasons why Brent crude might slip back to $35 per barrel, How substantial is compliance for the Oil market?

Crude oil prices end mixed W/W, oil traders grow wary

by Olumide Adesina

October 17, 2020

Crude oil prices ended the week mixed cumulatively amid surging Covid-19 caseloads.

Crude oil prices record gains after tropical storm hit Gulf of Mexico, The world's biggest oil hedge program underway, crude oil, Nigeria's Crude oil, Bonny light crude oil crashes as Nigeria runs into deeper revenue crisisBonny light crude oil crashes as Nigeria runs into deeper revenue crisis, Brent crude futures gained 0.92%, at $36.08 per barrel, while the U.S. West Texas Intermediate (WTI) crude futures also gained 0.54%, at $33.67 a barrel, Crude oil prices hit $40 per barrel as inventory build-up declines, EIA increases Brent price projection by $2.50 for 2020

Oil prices drop, currently on anemic demand

by Olumide Adesina

October 16, 2020

OPEC Secretary-General Mohammed Barkindo admits fuel demand is looking "anemic."

Crude oil prices, bonny light, 4 key reasons why Brent crude might slip back to $35 per barrel, Crude oil prices resume weekly gains as demand picks up

Global oil market to re-balance in 2 months’ time

by Chike Olisah

In the meantime, OPEC+ wants to keep the existing production output cuts beyond the June expiry date as part of ...

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