Organization of the Petroleum Exporting Countries (OPEC)

The oil price has risen to $60 per barrel in the international market as Iraq and Kazakhstan commit to the Organisation of Petroleum Exporting Countries, OPEC oil cut deal. For instance, the price of Brent, usually used to benchmark…

The Joint Ministerial Monitoring Committee (JMMC) of the Organisation of Petroleum Exporting Countries (OPEC) has commended the progress made by Nigeria to conform with the agreement on Crude oil production cut. The group gave the…

The Nigerian National Petroleum Corporation (NNPC) says it will focus on increasing gas and condensate production to boost revenue for the country since Nigeria’s oil production has been restricted to 1.74 million barrels per day by the…