Top Oil Producers To Consider Fresh Cuts As Trade War Hits Prices

  Top oil producers will consider fresh output cuts at a meeting this week, but analysts are doubtful they will succeed in bolstering crude prices dented by the US-China trade war. The OPEC petroleum exporters’ cartel and key non-OPEC members…

OPEC Kingpin Saudi Arabia Replaces Energy Minister

    Saudi Arabia’s King Salman named his son as energy minister after veteran official Khalid al-Falih was sacked, state media said Sunday, in a major shakeup as the OPEC kingpin reels from low oil prices. The appointment of Prince…

Nigeria Will Comply With OPEC, Non-OPEC Output Cut Deal, Says NNPC Boss

A file photo of NNPC GMD, Mele Kyari.     The Nigerian government says it is committed to the production adjustments agreed on under the Declaration of Cooperation (DoC) between member countries of the Organisation of the Petroleum Exporting Countries…

Nigeria’s rig count remains unchanged, as OPEC appreciates by two

For three months running, Nigeria’s rig count remained unchanged at 14 for the month of June, the same number it recorded in May and April, while the Organisation of Petroleum Exporting Countries (OPEC), appreciated by two, having recorded 576 in…

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