OPEC members’ net oil export earnings may crash to $341 billion in 2016

OPEC

• Nigeria’s crude business revenue drops by more than half to $39b in 2015

• Earns $10b between January and May

The United States (U.S.) Energy Information Administration (EIA) has projected that members of the Organisation of the Petroleum Exporting Countries (OPEC) net oil export revenues could fall from the $404 billion it earned in 2015 to about $341 billion in 2016 . . .

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OPEC members’ net oil export earnings may crash to $341 billion in 2016

Nigeria & Saudi Arabia vow to fix oil prices

Buhari . Saudi Arabia.jpg

Nigeria’s President Muhammadu Buhari and King Salman Bin Abdul-Aziz of Saudi Arabia say they will do everything possible to ensure a rebound of oil price and a stable market . . .

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Nigeria & Saudi Arabia vow to fix oil prices