OPEC oil producers and allies such as Russia, a grouping dubbed OPEC+, will on Wednesday meet to review compliance with oil cuts meant to support oil...

By Adebayo Obajemu Nigeria’s biggest indigenous oil production company, Seplat Petroleum Development Company Plc, has stated that OPEC’s extended oil production cuts on Nigeria would result...

Saudi Arabia and Nigeria have reiterated their firm commitment to the Organisation of Petroleum Export Countries and its allies known as OPEC+ agreement. The Minister of...

The Nigerian economy has been struggling with many headwinds this year, which have stunted growth, as the government tries different measures to stimulate growth. Mr. Johnson...

Oil prices slipped on Tuesday amid rising COVID-19 cases and a possible return of Libyan oil production, which has slowed to a trickle since the start...

Oil prices rose on Friday but pulled back sharply from early highs on concerns that continued spread of the novel coronavirus could stall the United States’...

The Organisation of Petroleum Exporting Countries (OPEC) and its allies in the Declaration of Cooperation, called OPEC+, has set June 22 as the deadline for a...

Oil prices rose slightly Thursday as a panel of OPEC and its allies met to review record oil supply cuts, even as the market remained concerned...

The Organisation of Petroleum Exporting Countries (OPEC), has commended the Norwegian government for its support in ensuring global oil market stability. Dr Mohammed Barkindo, OPEC Secretary-General,...