Mohammed Barkindo

US/IRAN TENSION: OIL PRICES HIT $80 TODAY BUT NIGERIA LOSES 250,000B/D AS SHELL DECLARES FORCE MAJEURE

May 18, 2018May 18, 2018 Amurun KelvinLeave a Comment

Oil prices hit $80 a barrel on today(17/5/18) for the first time since November 2014 on concerns that Iranian exports could fall due to renewed U.S. sanctions and reduce supply in an already tightening market but Nigeria may lose out as Shell declared force majeure on the exports of Nigeria’s major crude oil, the Bonny […]

OIL AND GAS WILL PROVIDE HALF WORLD’S ENERGY NEEDS IN 2040, WHILE DEMAND WILL INCREASE BY 35%,

February 22, 2018February 22, 2018 Amurun KelvinLeave a Comment

The Secretary General of the Organisation of Petroleum Exporting Countries, (OPEC), Mohammed Barkindo has said Oil and gas together are still expected to provide more than half of the world’s energy needs from 2016 to 2040. He made this statement at the Nigerian International Petroleum Summit, (NIPS) in Abuja According to him, […]