Tag Archives: Oil production

OPEC cuts push oil prices to $70 amid strong economy

Oil prices were firm, on Wednesday, receiving ongoing support from healthy economic growth as well as from supply restrictions led by a group of producers around the Organisation of the Petroleum Exporting Countries (OPEC) and Russia. Reuters News agency states that spot Brent crude oil futures, the international benchmark for oil prices, were at 70 dollars a barrel at 0102 ...

Read More »

Oil production: Ambode inaugurates Committee, says Lagos won’t tolerate unrest

Lagos Governor, Akinwunmi Ambode on Thursday inaugurated a 45-member Committee on Oil Producing Areas Community Relations in Badagry area of the state. Ambode said the inauguration of the Committee was aimed at preventing face-off between investors and host communities of oil producing areas often experienced in the country. The inauguration comes after the state has officially joined the League of ...

Read More »