OPEC

‎The OPEC oil producers’ club will meet virtually to mull over an extension to production cuts as the coronavirus pandemic continues to weigh on global demand. Ministers from the cartel will start meeting via video conference…

The international oil benchmark, Brent crude, pared some of its recent gains on Thursday as what seemed to be shaping up as a smooth OPEC+ meeting has hit some turbulence with an airing of grievances. Brent, against which…

Saudi Energy Minister Abdelaziz bin Salman said on Tuesday that major oil countries might have to adapt their current production strategy in the face of the resurging pandemic. Abdelaziz addressed colleagues among the…

‎Brent Crude, the international oil benchmark, fell below the $40 per barrel mark on Monday. Brent, against which Nigeria’s crude oil is priced, fell by $0.36 to $39.47 per barrel.‎ The latest fall in the price of crude‎ oil…

‎‎Oil prices rose on Monday as China’s plans to ship in large volumes of U.S. crude in August and September outweighed concerns over a slowdown in demand recovery after the coronavirus pandemic and an uptick in supplies. Brent…

Nigeria earned a total of $206.06bn from crude oil exports in the last five years, according to the Organisation of Petroleum Exporting Countries. Nigeria is Africa’s largest oil producer. OPEC disclosed in its 2020 Annual Statistical…