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Tag: Global oil demand

OPEC says Nigeria is still Africa’s top crude oil producer with 1.3 million bpd output for February 2023

OPEC predicts a deeper drop in global oil demand, based on serious coronavirus challenges

by Chike Olisah

September 15, 2020

The world’s bloated oil inventories will subside more slowly than previously thought.

Brent crude drops to $25, oil demand drops by about 10% of world’s consumption, Brent Crude Oil hits $26, as Nigeria's Sweet Crude demand falls, Oil price pushes up before OPEC meeting, Asian equity markets mixed, NIGERIA OIL: Darker days ahead as Brent falls below production cost, Brent crude drops, as oil traders focus on OPEC+ meeting

Oil price rises, as OPEC meet today

by Olumide Adesina

Brent crude was up 3.05%, or $1.08, at $33.83 at 9.30 am Nigerian time, having climbed up as much as ...

Crude oil in Nigeria, Oil producing states in Nigeria, Department of Petroleum Resources, DPR yet to recognise Anambra Enugu and Kogis States as oil producers, West Africa’s crude inventory is building up as demand slows due to Coronavirus, Oil at $26, as Saudi Arabia in no retreat no surrender oil battle with Russia, Crude oil prices fall to $30 as COVID-19 erases gains from oil production cuts, Crude oil prices surge higher as Brent crude hits almost $30 per barrel , Brent crude plunges 5%, world’s second largest economy skips economic growth target

Oil at $26, as Saudi Arabia in no retreat no surrender oil battle with Russia

by Olumide Adesina

Oil prices slumped on Monday morning in Asia as the Coronavirus pandemic continued to hurt demand while the price war ...

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