Tag
OPEC
News and stories about OPEC
The Organization of the Petroleum Exporting Countries (OPEC) has appointed Nigerian Mr Ademola Adeyemi-Bero as Chairman of the Board of Governors for the year 2025.
Global oil prices tracked by Brent futures have fallen to $71 per barrel, remaining below the $75 threshold after Saudi Arabia's oil giant, Aramco, cut prices for its Asian customers.
Nigeria’s crude oil production experienced a slight decline in October 2024, dropping from 1.54 million barrels per day (bpd) to 1.53 million bpd.
Crude oil prices have dropped nearly 9% from an early October high of $80.35 per barrel, with Brent crude struggling to stay above $75 as OPEC lowers its global oil demand forecast for the fourth time.
Nigeria’s daily crude oil production increased from 1.39 million barrels per day (bpd) to 1.43 million bpd in October 2024.
Nigeria’s average crude oil production in the month of September declined by as much as 33,000 barrels to 1.405 million barrels per day.
Nigeria continues to struggle to meet its OPEC’s quota as its crude oil production fell by 40,000 barrels per day in the month of September.
The Organization of the Petroleum Exporting Countries (OPEC) has refuted a report suggesting that crude oil prices could drop to $50 per barrel, a claim allegedly linked to Saudi Arabia’s Oil Minister.
Oil prices surged by more than a dollar in early trading today amid growing concerns that escalating tensions in the Middle East could disrupt crude production, following Iran's most significant military strike against Israel.
This article explores the lessons derived from the emergence of Dangote refinery in relation to the cry of Nigerians for a lasting solution regarding good governance.
Nigerian crude is trading at about $75 per barrel amid media reports highlighting that the country's benchmark crude traded below $70 per barrel while its oil output remains fragile.
Nigeria’s average daily crude oil production rose by 3.4% to 1.352 million barrels in August according to latest data published by OPEC.