Tag: OPEC
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Nigeria produced 1.25 million barrels of crude oil per day in May – OPEC
Nigeria produced 1.25 million barrels of crude oil per day on average in May 2024, down from 1.28 million barrels in April.
Compared to the...
Oil sells over $80 per barrel amid Iran’s helicopter tragedy and increasing tensions
Following a string of incidents over the weekend, increased geopolitical dangers in Russia and the Middle East came into stark relief, causing oil prices...
Naira Gains Momentum Despite Resistance at Key Support Level
The naira surged against the US dollar, reaching its highest point since its devaluation in January. Bolstered by growing confidence, the Nigerian currency strengthened...
Nigeria produced 1.32 million barrels of crude oil per day in February, according to OPEC
Nigeria's daily production of crude oil decreased by 104,000 barrels to 1.32 million barrels in February from 1.42 million barrels per day.
The OPEC monthly...
Nigeria’s oil output is threatened by an OPEC cutback
Nigeria, the biggest producer of crude oil in Africa, is prepared to face difficulties in its oil output in the wake of the Organization...
