As crude oil prices fell as much as seven per cent in early trading monday, before rallying slightly, after attempts by some of the world’s biggest producers to freeze output ended without a deal on Sunday, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said that member countries of the Organisation of Petroleum Exporting Countries (OPEC) will go back to the drawing board to work out a best approach to shore up oil prices.
Showing posts with label Shore. Show all posts
Showing posts with label Shore. Show all posts
Tuesday, 19 April 2016
KACHIKWU: OPEC TO RESTRATEGISE ON OUTPUT FREEZE AS OIL SLUMPS 7%
As crude oil prices fell as much as seven per cent in early trading monday, before rallying slightly, after attempts by some of the world’s biggest producers to freeze output ended without a deal on Sunday, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said that member countries of the Organisation of Petroleum Exporting Countries (OPEC) will go back to the drawing board to work out a best approach to shore up oil prices.
Tuesday, 28 July 2015
NIGERIA EXPECTS FURTHER RISE IN RESERVES AS NNPC MOVES MORE FUNDS TO CBN
Nigeria’s dollar reserves are to increase in the medium term as the Nigerian National Petroleum Corporation (NNPC), continues to move dollar denominated deposits out of commercial banks into the Central Bank of Nigeria (CBN).
This is being complimented by efforts to block leakages, which helped to shore up government revenues for the month of June.
Read more @ Businessday
This is being complimented by efforts to block leakages, which helped to shore up government revenues for the month of June.
Read more @ Businessday
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