Following consistent efforts by the Nigerian government to increase crude oil production and subsequently deepen foreign revenue generation, Nigerian oil production has risen to 1.418 million...
Oil prices dipped by more than 1% on Monday following Saudi Arabia’s strategic decision to implement sharp price cuts and a simultaneous rise in OPEC output....
The Organisation of the Petroleum Exporting Countries (OPEC) has commended Nigeria for its remarkable economic performance in the third quarter of 2023, stating that it has...
The Organisation of the Petroleum Exporting Countries (OPEC) stands as the harbinger of positive projections for the global oil market in 2024. In its latest monthly...
Angola has decided to exit the Organization of the Petroleum Exporting Countries (OPEC), stating that the membership no longer aligns with the nation’s interests. The announcement...
In a setback to Nigeria’s efforts to meet its Organisation of Petroleum Exporting Countries (OPEC) crude oil quota, the nation reported a significant underproduction of 3...
Market Evaluates OPEC+ Decision Amidst Bearish Sentiment and Global Supply Worries
By Craig Erlam, Senior Market Analyst, UK & EMEA, OANDA It’s been quite a calm start to the week which isn’t entirely surprising given the lack...
OPEC’s oil production rose for a second consecutive month in September as revealed by a recent Reuters survey. Despite ongoing efforts by Saudi Arabia and other...
Nigeria’s crude oil refining capacity has taken a significant hit, reducing to a mere 6,000 barrels per day, according to the latest Annual Statistical Bulletin from...