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Nigeria's 50-Year OPEC Journey | Hellenic Shipping News Worldwide

Nigeria’s 50-Year OPEC Journey
In less than eight weeks from now, the Organisation of Petroleum Exporting Countries (OPEC), will roll out the drums in celebration of its 60th year anniversary. In 50 years of those six decades, the story of Nigeria has been strongly intertwined with that of the oil cartel. Emmanuel Addeh writes that it has been a marriage that has seen both good and bad times, as portrayed by some key Nigerian OPEC participants, who reflected on the history of Nigeria’s involvement in the organisation
On September 14, 1960, the Organisation of Petroleum Exporting Countries (OPEC), an inter-governmental cartel of 13 countries was founded in Baghdad by its first five members, namely Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. ....

Saudi Arabia , Abuja Federal Capital Territory , Jibril Aminu , Timipre Sylva , Shettima Ali Monguno , Yahaya Dikko , Rilwanu Lukman , Edmund Daukoru , Emmanuel Addeh , Sanusi Barkindo , Emmanuel Ibe Kachikwu , Organisation Of Petroleum Exporting Countries , Ministerial Monitoring Committee , Petroleum Exporting Countries , Middle East , Mallam Yahaya Dikko , Saharan African , Nigeria Liquefied Natural Gas , Joint Ministerial Monitoring Committee , Public Relations , Ndu Ughamadu , சவுதி அரேபியா , கூட்டாட்சியின் மூலதனம் பிரதேசம் , ஆர்கநைஸேஶந் ஆஃப் பெட்ரோலியம் ஏற்றுமதி நாடுகள் , மந்திரி கண்காணிப்பு குழு , பெட்ரோலியம் ஏற்றுமதி நாடுகள் ,

Nigeria's 50-Year OPEC Journey

ENERGY
In less than eight weeks from now, the Organisation of Petroleum Exporting Countries (OPEC), will roll out the drums in celebration of its 60th year anniversary. In 50 years of those six decades, the story of Nigeria has been strongly intertwined with that of the oil cartel. Emmanuel Addeh writes that it has been a marriage that has seen both good and bad times, as portrayed by some key Nigerian OPEC participants, who reflected on the history of Nigeriaâs involvement in the organisation
On September 14, 1960, the Organisation of Petroleum Exporting Countries (OPEC), an inter-governmental cartel of 13 countries was founded in Baghdad by its first five members, namely Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. ....

Saudi Arabia , Abuja Federal Capital Territory , Jibril Aminu , Timipre Sylva , Shettima Ali Monguno , Yahaya Dikko , Rilwanu Lukman , Mohammad Sanusi Barkindo , Edmund Daukoru , Emmanuel Addeh , Sanusi Barkindo , Emmanuel Ibe Kachikwu , Organisation Of Petroleum Exporting Countries , Ministerial Monitoring Committee , Petroleum Exporting Countries , Middle East , Mallam Yahaya Dikko , Saharan African , Nigeria Liquefied Natural Gas , Joint Ministerial Monitoring Committee , Public Relations , Ndu Ughamadu , சவுதி அரேபியா , கூட்டாட்சியின் மூலதனம் பிரதேசம் , ஆர்கநைஸேஶந் ஆஃப் பெட்ரோலியம் ஏற்றுமதி நாடுகள் , மந்திரி கண்காணிப்பு குழு ,

FG Reaffirms Commitment to OPEC's 1.554m bpd Oil Quota

Emmanuel Addeh
The federal government yesterday pledged its renewed commitment to full compliance with the countryâs crude oil production quota, which it pegged at 1.554 million barrels per day in June.
Minister of State, Petroleum Resources, Mr. Timipre Sylva, said during a briefing in Abuja to mark the countryâs 50th anniversary as a member of the Organisation of Petroleum Exporting Countries (OPEC), that rationing production was the right thing to do at the moment.
The minister stated that apportioning quotas did not hurt the countryâs production, adding that if not because of the cartelâs intervention, the price of crude oil would still fall below. ....

Abuja Federal Capital Territory , Jibril Aminu , Timipre Sylva , Shettima Ali Monguno , Muhammadu Buhari , Yahaya Dikko , Rilwanu Lukman , Edmund Daukoru , Emmanuel Addeh , Sanusi Barkindo , Emmanuel Ibe Kachikwu , Organisation Of Petroleum Exporting Countries , Petroleum Resources , Ministerial Monitoring Committee , Petroleum Exporting Countries , Mallam Yahaya Dikko , President Muhammadu Buhari , Joint Ministerial Monitoring Committee , கூட்டாட்சியின் மூலதனம் பிரதேசம் , ஆர்கநைஸேஶந் ஆஃப் பெட்ரோலியம் ஏற்றுமதி நாடுகள் , பெட்ரோலியம் வளங்கள் , மந்திரி கண்காணிப்பு குழு , பெட்ரோலியம் ஏற்றுமதி நாடுகள் , கூட்டு மந்திரி கண்காணிப்பு குழு ,

Oil Price Rebound Emerges as US Inventories Contract for Eighth Week

Oil Price Rebound Emerges as US Inventories Contract for Eighth Week
of clients are net short.
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of clients are net short.
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of clients are net short.
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of clients are net short.
Long
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2021-07-08 20:00:00
David Song,
Strategist
Oil Price Talking Points
The price of oil extends the rebound from the weekly low ($70.76) as US inventories contract for eight consecutive weeks, but recent price action warns of a larger correction in crude as it extends the series of lower highs and lows from earlier this week.
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Oil Price Rebound Emerges as US Inventories Contract for Eighth Week ....

Mohammad Barkindo , Oil Price Daily , Oil Price Talking Points , Energy Information Administration , Weekly Us Field Production Of Crude Oil , Organization Of The Petroleum Exporting Countries , Oil Price Rebound , Image Of Oil , Ministerial Monitoring Committee , Oil Price Talking , Price Rebound Emerges , Petroleum Exporting Countries , Secretary General Mohammad Barkindo , Joint Ministerial Monitoring Committee , Relative Strength Index , David Song , எண்ணெய் ப்ரைஸ் தினசரி , எண்ணெய் ப்ரைஸ் பேசுகிறது பாயஂட்ஸ் , வாராந்திர எங்களுக்கு புலம் ப்ரொடக்ஶந் ஆஃப் கச்சா எண்ணெய் , ஆர்கநைஸேஶந் ஆஃப் தி பெட்ரோலியம் ஏற்றுமதி நாடுகள் , எண்ணெய் ப்ரைஸ் ரிபௌஂட் , படம் ஆஃப் எண்ணெய் , மந்திரி கண்காணிப்பு குழு , எண்ணெய் ப்ரைஸ் பேசுகிறது , பெட்ரோலியம் ஏற்றுமதி நாடுகள் , கூட்டு மந்திரி கண்காணிப்பு குழு ,

No agreement on increased output at OPEC meeting

No agreement on increased output at OPEC meeting
Robert Besser
09 Jul 2021, 13:39 GMT+10
After two days of failed discussions, the OPEC+ ministers abandoned talks about an increase in oil output starting next month, after the UAE rejected a proposed eight-month extension to output curbs
OPEC s Secretary General Mohammad Barkindo said in a statement on Monday that the meeting had been cancelled without a date for the next one being set
Decisions in OPEC+, which groups the Organization of the Petroleum Exporting Countries with Russia and other large producers, must be unanimous
DUBAI, United Arab Emirates: After two days of failed discussions, the OPEC+ ministers abandoned talks about an increase in oil output starting next month, after the UAE rejected a proposed eight-month extension to output curbs. ....

United Arab Emirates , Saudi Arabia , Abu Dhabi , Mohammad Barkindo , Organization Of The Petroleum Exporting Countries , Ministerial Monitoring Committee , General Mohammad Barkindo , Joint Ministerial Monitoring Committee , Petroleum Exporting Countries , ஒன்றுபட்டது அரபு அமீரகங்கள் , சவுதி அரேபியா , ஆர்கநைஸேஶந் ஆஃப் தி பெட்ரோலியம் ஏற்றுமதி நாடுகள் , மந்திரி கண்காணிப்பு குழு , கூட்டு மந்திரி கண்காணிப்பு குழு , பெட்ரோலியம் ஏற்றுமதி நாடுகள் ,