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Abandoned investments threaten future oil sector demand
8 Jun 2018
Though the price of crude oil has maintain a steady increase in the last six months, for the members of Organisation of the Petroleum Exporting Countries...
Global oil inventory to decline by 0.1mbpd in 2017
26 Jul 2017
OPEC Secretary-General, Mohammed Barkindo, said rebalancing of the oil market is progressing more slowly than expected, but will speed up in the second half of the year.
Nigeria to resist OPEC oil production cap
13 Jul 2017
Nigeria will reject the attempt by the Organization of Petroleum Exporting Countries (OPEC) to reduce the crude oil quota granted it at its last Ordinary Meeting in Vienna, Austria.
OPEC production freeze fails to boost crude oil prices
29 Mar 2017
The decision by the Organisation of the Petroleum Exporting Countries (OPEC) to embark on production freeze last year, offered hope for higher crude oil prices in 2017.
‘How Nigeria’s government is fixing oil sector’
3 Mar 2017
We are averaging close to about 2 million barrels right now. Inclusive of condenses. If you take away the condenses we are doing about 1.6 or 1.7 but that’s without Dorcados.
Global oil industry lost N1 trillion to projects’ cancellation, says OPEC scribe
28 Feb 2017
Barkindo disclosed this in Abuja yesterday when he paid an official visit to the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, adding the amount was lost to projects’ cancellation across the value chain.
Market forces responsible for low oil prices, says Barkindo
14 Sep 2016
The new Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC), Mohammed Barkindo, has described the fall in crude oil market from above $100 per barrel to less than $50 a barrel as price correction.
How Nigeria’s Barkindo emerged OPEC’s scribe
3 Jun 2016
Nigeria’s Mohammed Barkindo yesterday emerged the Secretary - General of the Orgnisation of Petroleum Exporting Countries (OPEC). He took over from Libya’s Abdalla Salem El Badri after a meeting...
OPEC appoints Barkindo as new secretary-general
2 Jun 2016
Former Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mohammed Barkindo has been appointed secretary-general of OPEC.