Bonny Light settles near $70 mark as India buys Nigerian crude
Nigerian crude prices rose on Monday after Ukraine stepped up attacks on Russia, fanning concerns that Russian oil supply could ...
Tag: OPEC
News and stories about OPEC
Latest Oil price slide, output shortfall threatens Tinubu’s fiscal plans, election budget
Nigeria’s fiscal stability faces renewed pressure as global oil prices fall and crude production continues to trail official targets, heightening ...
Nigerian crudes settle below $70 a barrel; oil traders watch for U.S/Russia deal
Nigerian crude ended the day slightly unchanged as investors evaluated whether a potential agreement between the US and Russia to ...
OPEC+ to raise oil output by 547,000 bpd in September as market stabilizes
Eight OPEC+ countries have agreed to raise their crude oil production by 547,000 barrels per day (bpd) in September 2025, ...
OPEC+ plans new supply surge as Nigeria braces for oil price, revenue volatility
Oil traders widely expect the Organization of the Petroleum Exporting Countries and its allies (OPEC+) to approve another significant oil ...
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) ...
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.
