Tag
OPEC
News and stories about OPEC
NNPC has deferred disclosing its future oil export plans, as it tries to keep up with its own share of the oil output cut
Oil prices dropped today, based on signals that global oil storage ability is getting filled up, oil production cuts will not meet up.
Market sentiments are divided on where oil prices would head in the short term based on new activities taking place.
Crude oil expanded its gains on Thursday amid signals coming from oil production cuts by major oil producers.
Analysts believe that the recovery of the oil market will take time, as things will only start easing off when the solution to the Coronavirus pandemic starts to record success.
It's two days straight and the crazy Western Texas Intermediate (WTI) crude oil price remains below zero for...
Brent crude futures slumped by more than 25% on Tuesday 10.45 am Nigerian local time, closing below $20 a barrel.
US crude oil futures turned negative as it crashed below zero dollars for the first time in history on Monday, April 20, 2020.
There appears to be no respite in sight for oil producers, as the volatility and continuous price slump in the global oil market continue.
The volatility of the global oil market persists as two of the biggest oil-producing countries are considering further output cuts
The alliance of OPEC+ producers, G-20 energy ministers and other oil producers reached a landmark deal which could cut close to 15.0mb/d from global oil supply.
Nigeria does not have any crude oil hedging programme in place. Instead, it sells its crude oil on spot prices. This has caused Nigeria to become exposed to oil market price swings.