Oil Price

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…

5 years ago

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…

6 years ago

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…

6 years ago

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…

6 years ago

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 Equatorial Guinea The…

6 years ago

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…

6 years ago

COVID-19 and the Price War: A good time for U.S. Independent Oil and Gas Producers to consider opportunities in Africa

By NJ Ayuk Africa’s rich resources still represent opportunity, including a wealth of natural gas waiting to be discovered JOHANNESBURG,…

6 years ago

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…

6 years ago

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 Petroleum Resources, Chief…

6 years ago

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 rebalance…

6 years ago

“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…

7 years ago

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 Arabia's suspension of…

7 years ago

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 (OPEC) and…

7 years ago

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…

8 years ago

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…

8 years ago

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…

11 years ago

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 on…

11 years ago

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…

11 years ago