Oil rises towards $90 as OPEC+ considers output cut
Oil prices firmed on Thursday, erasing earlier losses, on indications that OPEC+ might cut output, though a stronger dollar and weak economic outlook kept a […]
OPEC
Angola, Libya overtake Nigeria in crude oil production – OPEC report
Angola and Libya have overtaken Nigeria as Africa’s highest crude oil producer, says a report by the Organisation of the Petroleum Exporting Countries (OPEC). OPEC […]
Upward adjustment of oil production level only for September – OPEC
The Organisation of Petroleum Exporting Countries (OPEC) says its upward adjustment of 0.1 million barrel per day (mb/d) to the overall oil production level is […]
OPEC daily basket price now at $101.04 per barrel
The price of the Organisation of the Petroleum Exporting Countries (OPEC) basket of 13 crude oil samples stood at 101.04 dollars per barrel as at […]
Stable oil market beneficial to all – Sylva
Chief Timipre Sylva, Minister of State for Petroleum Resources, says a stable oil market will benefit all consumers, producers and investors. Sylva said this in […]
Resolving security challenge will bring back investments to oil & gas sector – Kyari
Malam Mele Kyari, Group Chief Executive Officer, Nigerian National Petroleum Company (NNPC) Ltd. says resolving the security challenge in the Niger Delta will bring back […]
Nigeria’s crude oil production averaged 1.183m b/d in July – OPEC
The Organisation of the Petroleum Exporting Countries (OPEC) says Nigeria’s crude oil production increased to an average of 1.183 million barrels per day (bpd) in […]
Nigeria’s crude oil production averaged 1.238m bpd in June – OPEC
The Organisation of the Petroleum Exporting Countries (OPEC) says Nigeria’s crude oil production increased to an average of 1.238 million barrels per day (bpd) in […]
Nigeria loses 20% crude production to oil thieves daily – Oando boss
Mr Adewale Tinubu, the Group Chief Executive Officer, Oando Plc, says Nigeria is losing about 20 per cent of its crude oil production to oil […]
Crude Oil prices slide after OPEC+ hike
Oil prices on Friday fell after Saudi Arabia and other OPEC+ states agreed to bring forward oil production rises to offset Russian output losses because […]
Nigeria’s crude oil production increases by 70,000bpd – Reuters Survey
Nigeria’s crude oil production has increased by 70,000 barrels per day in May according to a Reuters Survey released on Tuesday. The document, which was […]
Nigeria’s crude oil production dropped to 1.354mb/d in March – OPEC
The Organisation of the Petroleum Exporting Countries (OPEC) says Nigeria’s crude oil production declined to an average of 1.354 million barrels per day in March […]
OPEC Quota: How to increase oil production – Expert
An Oil and Gas Expert, Mr Charlse Majomi, has called for a concerted drive and clearer fiscal terms to incentivise investments for increased upstream production […]
Why Nigeria can’t meet crude oil production quota – Elumelu
By BENJAMIN ORISEMEKE, Abuja – Chairman of UBA Banking Group and Heirs Holdings, Tony Elumelu, has stated that the reason Nigeria cannot meet its crude […]
OPEC to reduce forecast as Ukraine war rages
By BENJAMIN ORISEMEKE, Abuja – OPEC said on Tuesday that oil demand in 2022 faced challenges from Russia’s invasion of Ukraine and rising inflation as […]
Nigeria’s crude oil production drops to 1.417mbpd in February – OPEC
The Organisation of the Petroleum Exporting Countries (OPEC) says Nigeria’s crude oil production declined to an average of 1.417 million barrels per day in February […]
Oil prices fall as UAE supports output hike
By BENJAMIN ORISEMEKE, Abuja – Global oil prices fell on Wednesday by the most in nearly two years after OPEC member, the United Arab Emirates […]
Why Nigeria is unable to meet OPEC quota – Sylva
Chief Timipre Sylva, Minister of State for Petroleum Resources, has attributed the inability of Nigeria to meet the Organisation of Petroleum Exporting Countries (OPEC) quota […]
World Bank projects Nigeria’s growth to strengthen by 2.5% in 2022
As the global economy enters a pronounced slowdown amid fresh threats from COVID-19 variants and others, Nigeria’s growth is projected to strengthen to 2.5 per […]
Factors that’ll shape stock market, economy in 2022 – Experts
Some capital market operators have listed events that will shape the stock market and the economy in 2022. Speaking with the News Agency of Nigeria […]