Tag
OPEC
News and stories about OPEC
A combination of various events on the global front could make it possible for Nigeria to increase its crude oil revenues in 2023.
Oil prices plunged on Friday as investors sought more information on the EU embargo against Russian refined products
The Organization of Petroleum Exporting Countries (OPEC) has decided to go on mute mode regarding oil production policy
Nigeria recorded the highest oil production rate in Africa last month, Thus emerging as Africa's highest oil producers according to OPEC
OPEC+ increased crude oil production by 140,000 barrels per day to 42.71 million bpd in December 2022
Increased crude oil production output from Nigeria was instrumental to the rise in the production output of OPEC in December 2022
Nigeria maintained the top spot in direct and secondary sources
Crude oil theft has hampered Nigeria's crude production in recent times
Last month, the group had agreed to cut crude oil production by 2 million barrels per day from November 2022
Minister Obiang Lima is a firm believer in Africa exploiting its natural resources without seeking third-party assistance
Transforming natural gas reserves into supply in Africa will require more than $1.6 trillion in investment in the upstream sector alone
Brent Crude oil prices dropped to as low as $82 per barrel for the first time since January 2022, after reports suggest that Opec could be considering an increase in output.