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OPEC
News and stories about OPEC
The global oil benchmark showed a drop of 1.5% on the week and almost 14% over the past four weeks.
The numbers agree with his assertion, as Nigeria’s crude production continues to decline according to the latest reports.
Data from the Monthly Oil Market Report from OPEC shows that Angola is the top African crude oil producer for the month of April 2023.
Saudi Aramco posts lower profits for the first quarter of 2023, yet the company beat analysts' forecast of lower profits.
Nigeria and Iraq contributed to low oil production output from OPEC member countries in April 2023, according to a Reuters survey.
Saudi Aramco has displaced Microsoft to become the second-largest company in the world, with a market value of $2.11 trillion.
The Secretary of OPEC Haitham Al Ghais has said that oil will fuel economic development in developing countries.
Nigeria's oil and gas sector faced a range of challenges over the years, including a lack of investments, transparency, and ineffectiveness.
Nigeria is Africa’s top crude oil producer for March 2023, despite recording lower production during the month under review.
A report by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has shown that Nigeria recorded 1.26 million barrels per day of crude oil production in March 2023.
The International Energy Agency has said OPEC's latest production cuts could further exacerbate inflationary burdens on developing economies.
OPEC has said that Nigeria is still Africa's top crude oil producer after it pumped 1.3 million barrels daily in February 2023