Crude oil price falls below $60, stoking fears of weaker naira and wider deficits
Nigeria is staring down the barrel of twin macroeconomic shocks as Brent crude prices plunge below $60 per barrel.
Tag: OPEC
News and stories about OPEC
OPEC+ plans 2.2 million bpd oil output increase by November
OPEC+ is set to accelerate its oil production increases and could return up to 2.2 million barrels per day (bpd) ...
Nigerian Crude sells below $65 per barrel, OPEC revamps oil production
Nigerian crude fell below the Federal Government’s benchmark, selling for $65 per barrel, as OPEC increased production despite heightened geopolitical ...
Nigeria’s oil production declined by 5% in February, falls short of OPEC quota – NUPRC data
Data from the Nigeria Upstream Petroleum Regulatory Commission (NUPRC) show that Nigeria’s daily average crude oil production in February declined ...
OPEC oil output rises in February as Nigeria exceeds quota by 70,000 bpd
Nigeria’s oil production surged in February, exceeding its OPEC quota of 1.5 million barrels per day by 70,000 bpd, and ...
Latest crude oil price drop threatens Nigeria’s revenue and naira stability
Crude oil prices dipped on Tuesday after the U.S. government implemented fresh tariffs, raising concerns about global trade tensions and ...
OPEC Chief urges Africa to unlock 120 billion barrels oil reserves and disregard “misguided policies”
The Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), Haitham Al-Ghais, has urged African countries to unlock ...
Why Nigeria’s crude oil production should not be below 2 million bpd
The Chairman of the Organisation of Petroleum Exporting Countries (OPEC) Board of Governors, Adewale Adeyemo-Bero, has explained why Nigeria’s crude ...
Oil money key to Nigeria’s economic diversification and development – Elumelu
The Chairman of Heirs Holdings, Mr Tony Elumelu, has emphasised the need for increased oil production to fund Nigeria’s economic ...
Nigeria’s crude oil production rises above 1.5 million bpd in January – OPEC
The latest Monthly Oil Market Report of the Organisation of Petroleum Exporting Countries (OPEC) has shown that Nigeria’s crude oil ...
