Goldman Sachs has revised downward its oil price projection amid rising global supply and increasing economic headwinds stemming from escalating trade tensions. The bank now expects...
Oil prices held steady on Monday as investor caution intensified over the potential impact of U.S. trade policies and rising output from OPEC+ producers on global...
Crude oil prices dipped in the early hours of Tuesday following the OPEC+ decision to gradually increase crude oil production after multiple delays. In the meeting...
Nigeria’s crude oil production declined for the second consecutive month in January 2025. According to Reuters, crude oil production declined by 60,000 barrels per day (bpd)...
OPEC’s crude oil production declined following a fire outbreak at Iraq’s Rumaila oil field in January, according to a Bloomberg report. The Organization of Petroleum Exporting...
Africa’s largest crude oil producer, Nigeria, oil production is nearing its 1.5 million-barrel-per-day (bpd) quota set by OPEC+. This turnaround follows years of declining production driven...
Nigeria may be better position for higher gains following the projections of the Organisation of the Petroleum Exporting Countries (OPEC) that global oil demand will increase...
If the goal of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to increase Nigeria’s crude oil production to 2.1 million barrels per day by 2025 is...
Crude oil production rose to 1.51 million barrels per day (bpd) in Africa’s largest economy in December 2024, the highest production level for Nigeria in four...
The Organisation of the Petroleum Exporting Countries (OPEC) has said its crude oil production dropped by 120,000 barrels per day (bpd) to 27.05 million bpd in...