OPEC warns of 23 million bpd oil shortfall globally by 2030 without $17.4 trillion investment
The Organisation of the Petroleum Exporting Countries (OPEC) has projected a potential shortfall of 23 million barrels per day (bpd) ...
Tag: OPEC
News and stories about OPEC
Nigerian Oil falls below $70 a barrel amid faded supply disruption
Nigerian crude prices dipped to a three-week low on Tuesday, falling back to rates seen before the recent Israel-Iran fighting ...
OPEC+ output falls short in May as members cut oil to offset quota breaches
Key OPEC+ nations added less oil to the market last month than the headline figure of its output plan, as ...
Jitters for Naira as OPEC+ increases production quota by 411,000 barrels per day
The Organization of the Petroleum Exporting Countries and its allies (OPEC+), the world’s largest group of oil producers, has announced ...
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.
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 ...
