Tag: OPEC
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Global Rise of Oil Climbs To $74.80 Per Barrel On The First Day Of Trading In 2025
The first day of trading in 2025, Thursday, saw a small increase in the price of oil globally.
By 05:47 GMT, Brent oil futures had...
Nigeria’s Oil Rigs Plunge 27% As The Country Aims For 2 Million Barrels Per Day
The federal government's lofty target of producing 2 million barrels of crude oil per day (bpd) by the end of December 2024 is facing...
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...
