OPEC

Nigeria’s profit from oil exports hits $236.2 bn in five years, as oil reserves slide

NIGERIA raked in $236.2 billion from the proceeds made from crude oil exports between 2014 to 2018,  according to...

OPEC will review agreement to cut down oil output to avoid energy crises – Barkindo

THE Organisation of Petroleum Exporting Countries, OPEC, alongside other oil-producing countries led by Russia on Thursday announced plans to...
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IMF advises Nigeria to remove fuel subsidy at the time state govts still owe many months’ salaries

CHRISTINE Lagarde, managing director of the International Monetary Fund, has advised Nigeria and other countries who subsidise fuel to...

Trump tells OPEC not to slash oil production

US President Donald Trump on Wednesday urged OPEC members not to reduce production at their upcoming meeting, saying global...
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Qatar exits OPEC, to focus on clean energy

QATAR  intends to withdraw from the Organization of the Petroleum Exporting Countries to focus on its natural-gas development, its...

FACT-CHECK: President Buhari’s fancy lies on past oil prices

  MUHAMMADU Buhari, Nigeria’s President, loves to repeat a claim about oil prices averaging $100 from 1999 to 2014. This...
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