Tag: OPEC
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OPEC Predicts Increased Oil Consumption Through 2045 And Warns Of Supply Uncertainties
In its World Oil Outlook (WOO) report released yesterday, the Organization of the Petroleum Exporting Countries (OPEC) revised its earlier prediction upward and predicted...
Nigeria will keep its quota as OPEC+ lowers its goal for crude output by 2 mbpd
The Organization of Petroleum Exporting Countries and its allies, or OPEC+, decided yesterday to reduce their goal for crude production by two million barrels...
Oil: Nigeria Gets Approval for 1.8 Million Barrels Per Day for June
Nigeria now has a new target of 1.772 million barrels per day (mbpd) for June 2022. Organisation of the Petroleum Exporting Countries (OPEC) raised...
OPEC Forecasts 28% Rise in Global Energy Demand by 2045
By 2045, Organisation of the Petroleum Exporting Countries (OPEC) is projecting global energy demand to increase by 28% from 275 million barrels of oil...
Nigeria regains top crude oil production spot in Africa – OPEC report
Nigeria has regained the top spot among crude oil producing countries in Africa with the nation’s crude oil production averaging 1.27 million barrels per...
