Tag: OPEC
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U.S. to “re-evaluate” relationship with Saudi Arabia over financial support for Russia- Biden
United States President, Joe Biden, Tuesday, revealed that America needs to “re-evaluate” its relationship with Saudi Arabia, especially in light of the decision by the OPEC oil cartel to cut production following the latter’s financial support for Russia after its invasion of Ukraine. According to the White House: “I think the president’s been very clear…
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OPEC+ cuts oil production to support sagging oil prices
The Organization of the Petroleum Exporting Countries (OPEC) and Non-OPEC Participating Countries have decided to cut oil production by 2 million barrels per day.
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Nigeria overtaken by Libya, Angola in oil production – OPEC
The Organisation of Petroleum Exporting Countries (OPEC) has noted that two African oil-producing countries Angola and Libya have overtaken Nigeria in oil production. Nigeria’s oil capacity has drastically dropped to 972,000 barrels per day in August 2022.
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We will soon reveal ‘big men’ behind crude oil theft – Garba Shehu
Malam Garba Shehu, Senior Special Assistant to President Muhammadu Buhari on Media and Publicity has said the federal government would soon reveal the identities of important personalities behind crude oil theft in the country.
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Atiku mourns Barkindo, says he was a worthy ambassador of Nigeria
The Peoples Democratic Party (PDP) Presidential Candidate, Atiku Abubakar, on Wednesday mourned Muhammad Barkindo, outgoing Secretary-General, Organisation of Petroleum Exporting Countries (OPEC). Abubakar on his Twitter handle on Wednesday said he was saddened by the passing away of the former Group Managing Director, Nigerian National Petroleum Company (NNPC), who died in Nigeria on Tuesday at…
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Nigerian petroleum industry holds night of tributes for Barkindo
The Nigerian petroleum industry on Wednesday in Abuja held a night of tributes for the departed Dr Mohammed Barkindo, the Secretary-General of the Organisation of the Petroleum Exporting Countries (OPEC). TheNewsGuru.com (TNG) reports that Barkindo passed on in Abuja on Tuesday at the age of 63 and was buried on Wednesday in Yola, Adamawa State, in…
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President Buhari pays tribute to Barkindo
President Muhammadu Buhari has paid tribute to the late Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC), Alhaji Mohammed Sanusi Barkindo. TheNewsGuru.com (TNG) reports President Buhari described the death of Barkindo, who visited him at the State House in Abuja hours before he died, as sad.
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BREAKING: Buhari reshuffles cabinet, newly-designated ministers assigned portfolios
President Muhammadu Buhari has reshuffled his cabinet and assigned portfolios to newly-designated ministers, with eleven (11) ministerial positions affected by the cabinet reshuffle. TheNewsGuru.com (TNG) reports President Buhari assigned portfolios to the seven newly appointed ministers on Wednesday, charging them to serve the nation diligently and to maintain unalloyed loyalty to the country and office of the…
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OPEC Secretary General, Barkindo dies 3 weeks to end of tenure
The Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Muhammad Sanusi Barkindo is dead. TheNewsGuru.com (TNG) reports Barkindo died on Tuesday at about 11 pm, hours after meeting with President Muhammadu Buhari in Abuja.
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OPEC cuts 2022 oil demand over economic concerns
The Organisation of Petroleum Exporting Countries (OPEC) has revised downwards the demand for crude oil in 2022. This follows the concerns around global economic growth. OPEC’s Secretary-General, Sanusi Barkindo, announced this at the 62nd Meeting of the Joint Technical Committee via videoconference. He also stated that the loss of crude oil and other liquids exports…