By Oke Peter The Organisation of Petroleum Exporting Countries’ Non-OPEC producing countries’ Joint Ministerial Monitoring Committee (JMMC) has disclosed that based on the report of its Joint Technical Committee (JTC) for the month of September 2017, OPEC and participating Non-OPEC producing countries have achieved a record high conformity level with the voluntary production adjustments, reaching…
By Oke Peter The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Kacalla Baru, has stated that the Federal Government has mandated the Corporation to pursue an aggressive gas development programme to stimulate economic growth in the country. Dr. Baru made this disclosure recently in Lagos, during a Gas Roundtable meeting…
By Oke Peter Oil prices rose on Monday, over supply concerns in the Middle East and as the U.S. market showed further signs of tightening while demand in Asia keeps rising. Brent crude futures, the international benchmark for oil prices, were at $57.84. U.S. West Texas Intermediate crude futures were at $52.03 per barrel. The…
