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Nigeria OPEC News. Service for global professionals. Constantly updated news and information about Nigeria.
- Angola's hosting of African Cup of Nations boosts revival 27 Dec 2009 05:50 GMT
... Cup of Nations, after hosting last week's Opec meeting and securing its first IMF loan ... are not favourable in any form," said Nigerian former international Segun Odegbami. "The hotels are very expensive and this means ...
- Crude market fundamentals point to a weaker 2010 27 Dec 2009 01:11 GMT
... aggravated by the economic slowdown, compliance with OPEC output quotas has been uneven too. CGES ... at this stage that an upheaval in Nigeria or a pipe blown up in Iraq or even the Iranian incursion into an Iraqi oil field failed ...
- Futures Outlook - December 24, 2009 25 Dec 2009 13:16 GMT
... An Excerpt from CRB'S Futures Market Service OPEC production creep likely to cap oil prices ... quota), Angola (383,000 bpd), Venezuela (234,000), and Nigeria (232,000). Nigerian production has risen by 125,000 in just the past 3 months ...
- Nigeria Bars Ministers from Holidays 24 Dec 2009 11:14 GMT
... Nigerian Vice President Goodluck Jonathan has ordered ministers ... sectors. Nigeria, a leading member of the Organization of the Petroleum Exporting Countries (OPEC) cartel, has been experiencing acute shortage ... and communications, disclosed this to reporters in Abuja at the end the weekly Federal Executive ...
- Commodities Will Crawl In 2010 24 Dec 2009 06:35 GMT
... in mid-year, output began increasing with both OPEC and non-OPEC countries increasing production. Despite an ... to cut some of its losses in Nigeria, reportedly preparing to sell $5 billion in assets in the Niger Delta. As RGE's ...
- Recession halves SA's exports to US 24 Dec 2009 02:36 GMT
... and more exposed to the global recession. Nigeria and Angola, the two biggest exporters, rely entirely on oil. The sharp fall in ... hosted a meeting of oil exporting cartel Opec, fell 56 percent from $17.4bn to $7.7bn. ...
- OPEC keeps output goals, seeks quota discipline 24 Dec 2009 01:47 GMT
... The 12-member Organization of the Petroleum Exporting Countries (OPEC) that pumps some 50 percent of the ... full compliance with output cuts. But Angola, Nigeria and Iran have made little or no ...
- A golden decade for Angola's deepwater 23 Dec 2009 21:09 GMT
... from the US Gulf of Mexico and Nigeria, and sitting in second place behind Brazil in the global deepwater oil rankings – ... deepwater blocks 31 and 32. However, Angola’s OPEC membership and particularly its position as OPEC ...
- Iraq Plans to Increase Oil Production 23 Dec 2009 19:30 GMT
... percent since the beginning of 2009, when OPEC output cuts agreed late last year took ... Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates and Venezuela. The group's next meeting is ...
- OPEC delegations leave 23 Dec 2009 18:54 GMT
... of the Organisation of Petroleum Exporting Countries (OPEC). Held in Luanda on Tuesday, the meeting ... Algeria, Equador, Qatar, Kuwait, Iran, Iraq, Libya, Nigeria, Saudi Arabia, United Arab Emirates and Venezuela. ...
- Protests over amnesty delays hit Nigeria oil delta 23 Dec 2009 12:32 GMT
... Austin Ekeinde and Segun Owen PORT HARCOURT/YENEGOA, Nigeria, Dec 23 (Reuters) - Security forces have deployed in two cities in Nigeria's oil-producing Niger ... the vast wetlands region have prevented the OPEC member from pumping much above two thirds ...
- OPEC conference envisages regular supply to market 23 Dec 2009 12:14 GMT
... OPEC conference envisages regular supply to market Luanda ... member countries are Angola, Algeria, Libya, Venezuela, Nigeria, Equator, Saudi Arabia, Iran, Kuwait, Iraq, Qatar and the United Arab Emirates. ...
- Nigeria to Sustain Crude Oil Exports to India 23 Dec 2009 11:10 GMT
... Edmond Egbogah, declared in New Delhi that Nigeria's output would soon recover to meet its core export demands in the industrialized and developing ... of the Organization of Petroleum Exporting Countries (OPEC) and has the second largest hydrocarbon reserves ...
- IEA Estimates Local Output At 2.9 MBD By 2014 23 Dec 2009 10:40 GMT
... Media via COMTEX) -- -- Contrary to Nigeria's National aspiration to attain a production capacity of 4.0 million barrels of crude ... and accounted for around 60 percent of OPEC's increase in November after a government's amnesty ...
- Saudi says oil at $70 - $80/bbl is a "perfect price" 23 Dec 2009 09:23 GMT
... $70 - $80/bbl is a "perfect price" OPEC's Angola meeting lasted just 70 minutes yesterday. ... in H1, when prices were below $50bbl. Nigeria is pumping 1.96mbd (quota 1.67mbd), Iran 3.78mbd (3.34mbd), Venezuela 2.24mbd (1.99mbd). Equally, geo-political issues ...
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Country Info About Nigeria
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