Surinamese & Moroccan FM Albert Ramdin & nasser Bourita

Nigeria’s oil output plummets on pipeline dysfunctions

Nigeria’s oil production shrunk to 1.23 million barrels per day in March with authorities blaming pipeline problems and maintenance issues. OPEC said Nigeria produced 1.32 million barrels in February and 1.42 million in January. Oil theft and pipeline vandalism have dealt severe blows on Nigeria’s oil production, limiting the country’s output and making it fall […]

Oil Supply to Continue to Outstrip Demand in First Half of 2017- IEA Says

The global oil glut that has taken a toll on the budgets of many oil producing nations will persist into 2017, as oil supply is expected to continue outstripping demand, the International Energy Agency said in a recent report. The report argues that oil markets will take “a while longer” to rebalance in light of […]

Bouteflika suffers ‘permanent threat to life’, say Swiss doctors

Infirm Algerian President Bouteflika, who applied to run for a fifth term from a hospital in Geneva, is facing a permanent threat to life, his Swiss doctors told the media. A medical source speaking anonymously told Swiss paper La Tribune that the president is facing a permanent risk of lung infection due to his frail […]