Earlier, oil prices had dropped due to a surging dollar, which weighed on greenback-denominated commodities
Browsing: Organisation of Petroleum Exporting Countries
Barkindo was nominated for the position by the Federal Government
Brent crude futures were up $1.03 at $46.77 a barrel in early trading, having risen nearly 20 per cent in April, their largest one-month gain in a year
Kachikwu said in spite of the stalemate on crude oil production freeze at oil producers meeting in Doha, OPEC would chart a way forward
Oil production is running close to record highs and with more barrels poised to enter the market from the likes of Iran, the US and Libya
This was contained in a statement signed by Ohi Alegbe, the NNPC’s Group General Manager, Group Public Affairs Division, and released to newsmen in Abuja on Saturday
This does not come as a surprise as the organisation is dominated by Muslim Arab nations
A former Minister of Petroleum Resources, Dr. Rilwan Lukman, is dead
Meanwhile, OPEC agreed on Wednesday to renew its oil production ceiling of 30 million barrels a day for the second half of this year in a widely anticipated decision
Nigeria is proposing to put her nomination as secretary-general on the agenda of OPEC’s semiannual meeting slated for today