Tag
OIL PRODUCTION
Ian Thom, the Upstream Research Director at Wood Mackenzie has said that big oil producers like Nigeria, Angola and Egypt could see oil production flatline as the decade progresses.
Chika Mbonu, the astute Managing Director and Chief Executive Officer of KSBC Advisory Partners Limited, stressed the imperative for the Federal Government to address current challenges to bolster the nation's oil production.
Recent data from Statista presents a stark narrative of Nigeria's crude oil production trajectory over a span of 23 years.
He added that Nigerians need to vote for a candidate that is capable of driving a credible agenda for change
The United States President, Joe Biden, has warned that the de-facto leader of OPEC+ would face the consequences...
Kyari noted that dwindling crude output has forced NNPC to defer payments to some local gasoline suppliers by at least three months
The planned cuts would also strike a major blow to the United States' efforts to keep the prices stable due to inflationary pressures in the world’s largest economy.
The producer group's worry that the global economy is slowing down quickly in the face of quickly tightening monetary policy would be reflected in a larger-than-expected drop
Nigeria’s crude oil production declined 3.37% to 1.262mbpd in May from 1.306mbpd recorded in the previous month.
The Minister of State for Petroleum Resources, Chief Timipre Sylva has revealed that Covid-19 was one of the...
OPEC is hoping Shale Oil loses steam and goes on the wane.
Nigeria had previously failed at complying completely with its promised cuts in past months.