Oil price will climb over $60-mark soon – Ibe Kachikwu
24 January 2017 |
3:16 pm
Nigerian Petroleum Minister Emmanuel Ibe Kachikwu discusses the impact of OPEC production cuts and U.S. shale oil drilling on oil prices and talks about his nation's oil output.
Related
14 Mar 2019
Data from the Energy Information Administration showed that the United States cut its imports of Nigerian crude oil by 43 per cent in 2018. Meanwhile, oil prices continue to inch higher by healthy demand and output cuts led by producer group OPEC.
24 Apr 2019
Could this jump in oil prices throw a wrench in the gears of the world economy?
4 May 2019
Roiling oil: Price volatility rises on geopolitical shifts.
7 Jul 2019
OPEC agreed to extend production cuts by nine months after several members endorsed the move aimed at supporting oil prices amid a weakening global economy. The deal will take effect once non-OPEC allies give their approval at a meeting scheduled to hold today. Oyeyemi Oke, Oil and Gas Lawyer and Partner at A02 Law joins CNBC Africa to discuss this and other stories impacting the global oil market.
21 Sep 2019
Every year hundreds of workers who file sex-discrimination grievances in U.K. courts settle their cases in return for money and silence. Major banks such as Barclays, HSBC and JPMorgan Chase are just some of the multinational corporations that have been sued. Bloomberg's Jonathan Browning discusses the story with Naomi Kerbel.
9 Dec 2019
Saudi oil giant Aramco raises $25.6 billion in the world's biggest ever IPO, beating a record set by Alibaba in 2014. Meanwhile, OPEC members meet in Vienna to discuss cutting oil production by a further 500,000 barrels a day - more than previously expected.
10 Dec 2019
The Organisation of Petroleum Exporting Countries (OPEC) has agreed to increase output curbs in early 2020. The agreement, which needs to be formally adopted later today, will cut an extra 500,000 barrels per day of production, through tighter compliance and some adjustments. Emmanuel Adeleke, Research Analyst at ARM Securities joins CNBC Africa for more.
24 Feb 2020
Democrat presidential hopeful Mike Bloomberg has had 70 Twitter accounts linked to his supporters suspended for spam-like posts. On Saturday, Nevada goes to the polls, with all eyes on front-runner Bernie Sanders.
7 Mar 2020
Who will take on Trump at the 2020 election? At 78 years old, Michael Bloomberg has hit the campaign trail. As a Democrat, Bloomberg has positioned himself as a moderate. He has campaigned against guns and promised to tackle climate change, one of the key issues in his campaign. In October 2019, Forbes ranked Bloomberg as the 8th richest person in the world, with an estimated net worth of over 50 billion dollars.
11 Mar 2020
While Riyadh's price war may be aimed at Moscow, it's likely to inflict greater pain on the kingdom and its OPEC allies. DW looks at how likely the global oil producers, including the US, are to weather this crisis.
18 Mar 2020
COVID-19: Senate summons CBN, Finance, Petroleum ministry over drop in oil price
22 Mar 2020
Developing countries could see their oil and gas income fall by between 50 percent and 85 per cent this year, that's according to a joint statement by the International Energy Agency and OPEC. The global organizations warned that the coronavirus pandemic could have potentially far-reaching economic and social consequences. Steve Osho, Managing Director at Comercio Partners Capital joins CNBC Africa for more.
Latest
1 hour ago
UNESCO World Heritage site the Château de Chambord became one of the world's most majestic concert venues this week, as British rocker Sting performed against the backdrop of its French Renaissance towers. The star also spoke about how his 1985 hit "Russians" is finding new relevance after the invasion of Ukraine.
1 hour ago
U.S., British embassy pride flags fly in face of Russia 'gay propaganda' law
2 hours ago
In South Africa, a xenophobic movement called Operation Dudula is accusing illegal immigrants of taking jobs from South Africans. Operation Dudula vigilantes are known to raid small businesses owned by foreigners. With an unemployment rate close to 35 percent, the situation is tense and the populist rhetoric of Operation Dudula supporters is raising fears of new xenophobic riots in South Africa, like in 2008, 2015 and 2019. Our correspondents report.
2 hours ago
Carson Pickett became the first player with a limb difference to play for the United States women's soccer team on Tuesday.
4 hours ago
Google uses unclear language and deceptive designs that trick users into agreeing to give up their data, EU watchdogs have said. The tech company has two other pending antitrust suits in the EU.
