Oil prices rise as countries relaxed coronavirus restrictions
NEW YORK (Reuters) - Oil prices rise in the last two weeks as some countries relaxed coronavirus restrictions to allow factories…
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Oil Price
NJ Ayuk: How Africa Can Make a Comeback from Oil Price Plunge & COVID-19 Pandemic
There has been a ray of hope: a landmark production-cut agreement among OPEC, OPEC+ and G20 stakeholders on April 12 put an…
IOCs reports historic loss, Cut Production in Permian Basin
The biggest U.S. oil producers reported historic losses last week and predicted that it could take months to recover as the…
COVID-19: AEC, IAGC Calls on African Government to take Action to Sustain Oil & Gas Industry
These measures are intended to mitigate the expected loss of jobs and abandonment of erstwhile viable projects in the African oil…
Equatorial Guinea grants 2 Years Extension to Oil & Gas Exploration Companies
The Ministry of Mines and Hydrocarbons grants Historic Two-Year Extensions to Oil & Gas Exploration Companies in…
OPEC Says Oil Price May Rise To $40 In Second Half Of 2020
OPEC has predicted that oil prices are set to recover with the OPEC+ production cuts and gradual lifting of lockdowns around the…
COVID-19 and the Price War: A good time for U.S. Independent Oil and Gas Producers to consider…
By NJ Ayuk
Africa’s rich resources still represent opportunity, including a wealth of natural gas waiting to be discovered
…
OPEC+ slashes production, saves Oil Industry from collapse
Up to 20 million barrels of oil per day could come off the market in combined efforts
CAPE TOWN, South Africa, -- In a…
Nigeria will start producing 1.412 to 1.579 million bpd, says minister
By Ndubuisi Micheal Obineme
Following the recent OPEC meeting to curtail production, Nigeria's Minister of State for…
Nigeria, OPEC+ Join Forces to Stabilise Global Oil Markets
By Ndubuisi Micheal Obineme
Nigeria has joined other OPEC+ counterparts in a historic curtailment of crude oil production to…
“We don’t set the price of oil; the market does.” – Total CEO
Patrick Pouyanné, Chairman of the Board and Chief Executive Officer at Total, a global integrated energy producer and provider, a…
Positive IMF Global Growth Forecasts Propel Oil Prices Upwards
Oil prices rose last week, after several significant political and economic developments around the world, including Saudi…
OPEC, non-OPEC members’ oil cut deal hit over 130%
By Ayobami Adedinni
The level of conformity to the Declaration of Cooperation by Organisation of Petroleum Exporting Countries…
Crude Oil prices hits $70 per barrel
The price of brent crude oil rose to 70 dollars a barrel on Monday, supported by ongoing output cuts led by OPEC and Russia, and…
Nigeria’s Bonny Light crude oil hits $67.10 per barrel
The price of Nigeria’s Bonny Light crude oil reached $67.10 per barrel to emerge the highest priced product among members of…
Infographic: The Fossil Fuelled Economy
The infographic explores how and why the price of oil has changed over time and how this have had a huge effect to our daily lives…
Suncor Energy Begins Cost Management Program due to Low Oil Price
CALGARY - Suncor Energy provides update on cost management program and operations. The company provided an update on its progress…
3 Lessons to Learn from the Falling Oil Price
1. The recent oil-price collapse confirms what we should have learned in 2007-8 about the influence of the last increments of…