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Tuesday November 24, 2009
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OPEC Nigeria News is an EIN News Service for energy industry professionals. Constantly updated news and information about energy.
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Latest OPEC Nigeria News

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  • Oil price falls after US growth disappoints 25 Nov 2009 00:42 GMT
    ... a report from MasterCard SpendingPulse on Tuesday. Opec, the exporters' group that pumps one in ... collapse oil prices by oversupplying the market, Nigerian Oil Minister Rilwanu Lukman told reporters in Washington on Tuesday. Members of the ...

  • OPEC basket price up 95 cents to USD 76.73 pb 24 Nov 2009 19:14 GMT
    ... Nov 24 (KUNA) -- The price of OPEC basket of 12-crudes gained 95 cents on ... USD 75. 78 the previous day, the Organization of the Petroleum Exporting Countries (OPEC) announced. According to OPEC bulletin, the ... Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Qatar Marine (Qatar), Arab Light (Saudi Arabia), ...

  • Oil prices mixed amid demand concerns 24 Nov 2009 13:34 GMT
    ... struggling to recover following the financial crisis. OPEC president Jose Maria Botelho de Vasconcelos has ... output levels on December 22. OPEC member Nigeria on Tuesday said its 2010 budget will be based on an oil price of 57 dollars ...

  • Palinology: A Dinosaur Energy Policy 24 Nov 2009 23:50 GMT
    ... will forever be dwarfed by the Arabs, Nigerians, Russians, and Venezuelans." That suits the petroleum exporters just fine, and they ... would drag up from the wilderness, the OPEC gang would respond, as they have done ...

  • Base Chemicals And Non-Oil Sectors To Boost The Nigerian... 23 Nov 2009 12:55 GMT
    ... Chemicals And Non-Oil Sectors To Boost The Nigerian Chemicals Market, Notes Frost & Sullivan The ... and reduced production quotas imposed by the Organization of the Petroleum Exporting Countries (OPEC), has had a strong impact on the ...

  • The bulls & bears behind oil 19 Nov 2009 00:15 GMT
    ... in the market. Major forecasters, including the Organization of the Petroleum Exporting Countries, the International Energy Agency and the U.S. ... use triggered by financial crisis. Demand for OPEC crude is expected to stay low. Weak ... nuclear activity. Militant violence in OPEC member Nigeria has forced the shut in of thousands ...

  • Opec may hike output if price, demand jump - Nigeria 19 Nov 2009 16:14 GMT
    ... Opec may hike output if price, demand jump - Nigeria 19th November 2009 Updated 30 minutes ago The Organisation of Petroleum Exporting Countries (Opec) could decide to raise oil output slightly ...

  • Italy judge rejects block of Eni in Nigeria 22 Nov 2009 17:32 GMT
    ... Eni and its unit Saipem with the Nigerian National Petroleum Corporation (NNPC), an Eni lawyer and a judicial source said ... Also, the Organisation of Petroleum Exporting Countries, OPEC, has said it may raise oil output ...

  • IMF says Nigeria's growth to "dramatically shrink" 19 Nov 2009 11:57 GMT
    ... Mathias Okwe: "IMF Forecasts Growth Contraction for Nigeria; FG Queries N750b Budgetary Augmentation"] From the International Monetary Fund (IMF) has ... the Niger Delta and more recently, by OPEC production quotas. Production has averaged about two ...

  • Crime wave raises questions about Nigeria amnesty 19 Nov 2009 18:10 GMT
    ... Crime wave raises questions about Nigeria amnesty * Residents blame crime wave on former militants * Delays to retraining programmes fuelling ... natural wealth. The unrest has prevented the OPEC member from pumping much above two thirds ...

  • NLNG gets new DMD 23 Nov 2009 19:53 GMT
    ... THE Nigerian Liquefied Natural Gas Limited, (NLNG) Company has appointed Mr Basheer Koko as the ... assistant to the Honourable Minister of Petroleum Resources/OPEC president from may to November 1988 and ...

  • Babalola advises states, LGs to upscale infrastructural development 22 Nov 2009 20:12 GMT
    ... spending, especially in these modern times. He said, “No doubt, with high expectations from Nigerians, the institutions of government are constantly under pressure to deliver increased, as well as, ...

  • Crime wave overshadows amnesty deal 20 Nov 2009 00:17 GMT
    ... By Austin Ekeinde Port Harcourt, Nigeria - A crime wave in Nigeria's main oil city of Port Harcourt blamed on former militants ... natural wealth. The unrest has prevented the Opec member from pumping much above two thirds ...

  • Oil prices fall after rally above $80 19 Nov 2009 13:58 GMT
    ... row in the world's second-largest economy. Meanwhile, OPEC president Jose Maria Botelho de Vasconcelos has ... also this week followed events in oil-exporter Nigeria, where its main armed group has accused the military of staging a dawn raid on ...

  • Oil Tumbles from its Prominent Technical Ceiling Despite an Upgrade to Growth 20 Nov 2009 00:31 GMT
    ... the wires through the day however offset positive demand forecasts with bearish supply readings. Nigerian Oil Minister Rilwanu Lukman suggested OPEC members generally wanted higher quotas and December’s meeting would not likely end in any ...


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