Global oil prices took a steep hit in early Asian trading on Monday, falling to their lowest levels in nearly…
Browsing: OPEC
A strong U.S. dollar weighed on the market ahead of important economic data from the Federal Reserve and the U.S.…
The first day of trading in 2025, Thursday, saw a small increase in the price of oil globally. By 05:47…
The federal government’s lofty target of producing 2 million barrels of crude oil per day (bpd) by the end of…
Nigeria produced 1.25 million barrels of crude oil per day on average in May 2024, down from 1.28 million barrels…
Following a string of incidents over the weekend, increased geopolitical dangers in Russia and the Middle East came into stark…
The naira surged against the US dollar, reaching its highest point since its devaluation in January. Bolstered by growing confidence,…
Nigeria’s daily production of crude oil decreased by 104,000 barrels to 1.32 million barrels in February from 1.42 million barrels…
Nigeria, the biggest producer of crude oil in Africa, is prepared to face difficulties in its oil output in the…
OPEC countries are actively investing in four key technologies to combat emissions: capturing and storing carbon, extracting carbon from the…
Following the recent declaration of the Organization of Petroleum Exporting Countries (OPEC) at the World Oil Outlook in Saudi Arabia…
At its meeting yesterday, the Joint Ministerial Monitoring Committee (JMMC) of the OPEC+ alliance recommended against altering the organization’s output…
In its World Oil Outlook (WOO) report released yesterday, the Organization of the Petroleum Exporting Countries (OPEC) revised its earlier…
The Organization of Petroleum Exporting Countries and its allies, or OPEC+, decided yesterday to reduce their goal for crude production…
Nigeria now has a new target of 1.772 million barrels per day (mbpd) for June 2022. Organisation of the Petroleum…
By 2045, Organisation of the Petroleum Exporting Countries (OPEC) is projecting global energy demand to increase by 28% from 275…
Nigeria has regained the top spot among crude oil producing countries in Africa with the nation’s crude oil production averaging…
As the continent seeks to ramp up oil and gas production in strategic markets, African producers are making significant strides…
Global oil supply and demand has seen significant fluctuations since the onset of the COVID-19 pandemic and subsequent lockdown restrictions.…
Before the exit of former president Jonathan, the price of crude oil, Nigeria’s economic pillar was USD36 per barrel…
European Bank for Reconstruction and Development (EBRD), OPEC Fund for International Developmentthe (OPEC Fund), Africa Development Bank (AfDB), Green Climate Fund (GCF)…
For the first half of this New Year, OPEC is foreseeing many downside risks in oil markets. That is certainly…
President Muhammadu Buhari says his administration has done no wrong by borrowing to finance infrastructure, saying that the loans taken…
Oil prices fell for a second day on Friday, pressured by a surprise rise in U.S. stockpiles as the coronavirus…
Before the exit of former President Jonathan, the price of crude oil, Nigeria’s economic pillar was USD36 per barrel and…
Oil markets are looking for demand growth to sustain any upward price movements beyond their current levels $40. Prices on…
The oil and gas sector has continued to play a significant role in the economy of Nigeria, and accounts for 65%…
The Nigerian National Petroleum Corporation (NNPC) is taking measures to bring down the cost of crude oil production to $10…
The International Energy Agency (IEA) on Wednesday forecast a 29 million barrel per day (bpd) dive in April oil demand…
The International Energy Agency on Thursday reported that oil demand is set to fall this quarter for the first time since…
