Nigeria’s oil output, excluding condensate, increased to 1.507 million bpd in December 2024, from 1.477 million bpd in November 2024, according to the Organisation of Petroleum...
The Organisation of Petroleum Exporting Countries (OPEC), Thursday, December 5, 2024, extended Nigeria’s oil production quota of 1.5 million barrels per day (mbpd) to 2026 The...
The Nigerian National Petroleum Company (NNPC) Limited has countered the position of the Organisation of Petroleum Exporting Countries (OPEC)on the volume of crude oil produced by...
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has said Nigeria would conform to the Organisation of Petroleum Exporting Countries (OPEC) 1.5 million barrel...
Nigeria’s average daily crude oil production increased to 1.35 million barrels per day (bpd) in August. This is even as Nigeria retained its position as the...
Nigeria’s average daily crude oil production increased to 1.27 million barrels per day (mbpd) in June 2024, fresh data from the Organisation of Petroleum Exporting Countries...
The Organisation of the Petroleum Exporting Countries (OPEC) has projected a 23 percent increase in energy demand across the world by 2045. The OPEC Secretary-General, Haitham...
The Joint Ministerial Monitoring Committee (JMMC) of the Organisation of Petroleum Exporting Countries and its allies (OPEC+) has pegged Nigeria’s crude oil production quota for 2025...
Nigeria’s daily crude oil production maintains steady decline in 2024 as it dropped to 1.23 million barrels per day in March 2024 costing the country its...
The OPEC+ alliance yesterday announced that it was keeping the current oil production cut policy unchanged, in an attempt to maintain global stability in crude oil...
A survey by Reuters on Monday, April 1, 2024 has shown a plunge in oil output by the Organisation of Petroleum Exporting Countries (OPEC) in March...
For the second consecutive month, Nigeria failed to meet its monthly crude production quota of 1.5mbpd as stipulated by the Organisation of Petroleum Exporting Countries (OPEC)...
The Secretary General of the Organisation of the Petroleum Exporting Countries (OPEC), Haitham Al-Ghais, has warned that Nigeria risks missing out on the $14 trillion investment...
The Organisation of the Petroleum Exporting Countries (OPEC) has hinged Nigeria’s economic growth in the third quarter of 2023 which “exceeded expectations” on strong activities in...
The 2024 budget estimates recently submitted by President Bola Ahmed Tinubu to the National Assembly for consideration by the Senate and House of Representatives may have...
The ministerial meeting of the Organisation of Petroleum Exporting Countries alliance (OPEC+) has been postponed to November 30, 2023, from its earlier dates of November 25...
The President of the Nigerian Senate, Godswill Akpabio, on Monday, agreed with the often repeated line that oil has been a curse to Nigeria rather than...
Nigeria increased its crude oil production in August to 1.18 million barrels per day (bpd), the Organization of the Petroleum Exporting Countries (OPEC) disclosed on Tuesday....
A Platts survey by S&P Global Commodity Insights has shown that crude oil production by the Organization of Petroleum Exporting Countries (OPEC) and its allies have...
The Organization of the Petroleum Exporting Countries (OPEC) has disclosed Nigeria maintained its position as the largest crude oil producer in Africa in June, while production...
Nigeria has reclaimed the first position as Africa’s largest crude oil producer by overtaking Angola. This is according to data released by the Organization of Petroleum...
The Organisation of the Petroleum Exporting Countries and its allies, OPEC+ which includes Saudi Arabia, Iraq and several Gulf states have announced a surprise oil production...
The Organisation of Petroleum Exporting Countries (OPEC) has revealed that Nigeria ended 2022 as Africa’s largest oil producer. According to OPEC, Nigeria in the month of...
The Minister of State Petroleum Resources, Timipre Sylva, on Monday, expressed optimism that Nigeria would meet the Organisation of Petroleum Exporting Countries (OPEC) crude oil production...
The Organization of Petroleum Exporting Countries (OPEC) has revealed that Nigeria’s oil rig count has increased. A rig count reflects the amount of exploration, development, and...
The Organisation of Petroleum Exporting Countries (OPEC) has placed Nigeria as the fourth oil producing country in Africa. Like in previous months, OPEC revealed that Angola,...
The United States government has expressed disappointment in the decision of the Organisation of the Petroleum Exporting Countries Plus (OPEC+) to cut production output. Ripples Nigeria...
The Organization of the Petroleum Exporting Countries (OPEC+) announced members of the oil group, comprising Nigeria, have agreed to cut down global crude oil production output,...
Brent, the global benchmark for crude oil is now trading below $90 after hitting a record high in recent months. Industry figures seen in the early...
As Nigeria continues to struggle with oil theft, Chief Timipre Sylva, Minister of State for Petroleum Resources, has disclosed that there are over 265 illegal refineries...
The Organisation of the Petroleum Exporting Countries (OPEC) said on Thursday Nigeria’s crude oil production increased to an average of 1.183 million barrels per day (bpd)...
Brent and the West Texas Intermediate (WTI) crude oil fell Tuesday evening, as the Organization of Petroleum Exporting Countries (OPEC) projected slow growth in demand for...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to the...
Group Chief Executive Officer of Oando Plc, Wale Tinubu, has said 20% of oil production is lost to oil theft, reflecting Nigerian government’s inability to prevent...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to the...
A new survey by S&P Platts has shown Organization of the Petroleum Exporting Countries (OPEC+) members failed to meet May oil production targets, with Nigeria being...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to the...
The Organisation of the Petroleum Exporting Countries (OPEC) has raised Nigeria’s oil production quota for July to 1.799 million barrels per day (mbpd). The new target...
The Organisation of Petroleum Exporting Countries (OPEC) has put Nigeria’s oil production output at 1.32 million barrels per day, bpd, for April 2022. OPEC revealed this...
For the fourth time this year, Nigeria again failed to meet the oil production quota allocated to member countries by the Organisation of Petroleum Exporting Countries...
The number of total active oil drilling rigs in Nigeria improved slightly in March 2022 to 10 from 8 recorded in February 2022. The new development...
Oil prices fell more than 5% on Monday to the lowest in nearly two weeks following the announcement from the United States government that it will...
The price of the Organisation of the Petroleum Exporting Countries (OPEC) basket of 13 crude oil samples closed Wednesday trade $110.46 per barrel. OPEC Secretariat calculations...
Nigeria’s crude oil grade, Bonny Light is trading at $116.1 per barrel the second most expensive in the international crude oil market. Nigeria’s crude oil price...
The Organisation of Petroleum Exporting Countries (OPEC)has increased Nigeria’s oil production capacity to 1.735 million barrels in April 2022, if possible. This is according to data...
Nigeria’s hope of escaping its financial woes is far from close, as once again, the Organisation of Petroleum Exporting Countries (OPEC) has ranked the country among...
The Organisation of Petroleum Exporting Countries (OPEC) said on Thursday Nigeria’s crude oil production reached an average of 1.398 million barrels per day in January. OPEC...
OPEC and non-OPEC members on Wednesday agreed to increase the oil production quota by 400,000 (0.4 million) barrels per day. This decision was reached at the...
Nigeria will be losing over N14.9 billion daily as international oil price crossed above $90 a barrel on Wednesday. Data from Reuters revealed that Brent, the...
The Nigeria Labour Congress (NLC) on Monday pledged to vehemently oppose the planned increment in fuel prices by the Federal Government. This was disclosed by the...
