Nigeria’s crude oil production declined to around 1.20 million barrels per day in January, the largest output drop among members of the Organization of the Petroleum...
Crude oil production by members of the Organization of the Petroleum Exporting Countries (OPEC) fell by 100,000 barrels per day (bpd) in December as supply declines...
The Chairman of the OPEC Board of Governors for 2025, Adeyemi-Bero, has urged Nigerian oil producers and policymakers to prioritise domestic refining and value addition as...
Nigeria plans to request an upward review of its crude oil production quota at the upcoming meeting of the Organisation of Petroleum Exporting Countries (OPEC) scheduled...
Oil prices advanced on Wednesday as OPEC+ opted for a restrained increase in production to maintain market balance and prevent a supply glut amid rising global...
OPEC+ has delivered only about three-quarters of the production hikes it targeted since April, with actual output falling nearly 500,000 barrels per day (bpd) short of...
OPEC+ will raise oil production by 137,000 barrels per day from October, a modest increase led by Saudi Arabia’s push to defend market share amid weakening...
Nigeria’s crude oil production averaged 1.507 million barrels per day (bpd) in July to exceed its Organisation of the Petroleum Exporting Countries (OPEC) quota for the...
The Organization of the Petroleum Exporting Countries (OPEC) has cut its global oil demand forecasts for the next four years, citing weaker economic growth in China...
Oil prices held steady on Tuesday as traders weighed signals that the OPEC+ alliance intends to increase crude output by 411,000 barrels per day in August,...