Saudi Arabia, Russia lead OPEC+ oil production cuts for next three months
OPEC+ countries, spearheaded by Saudi Arabia and Russia, have decided to prolong the recent voluntary oil production reductions for an ...
Tag: OPEC
News and stories about OPEC
OPEC urge NNPC to boost oil output for $14 trillion global market opportunity
The Organization of the Petroleum Exporting Countries (OPEC) has advised the Nigerian National Petroleum Company Limited (NNPCL) to increase oil ...
Nigeria’s oil production for January falls below budget benchmark at 1.42 million bpd – Report
The latest data from the Organisation of Petroleum Export Countries (OPEC) crude oil production for January reveals that, Nigeria averaged ...
Nigeria boosts OPEC’s December crude oil production by extra 50,000 bpd – Report
The Organization of Petroleum Exporting Countries (OPEC) crude oil production maintained a steady production last month with Nigeria boosting output ...
Petroleum Minister affirms Nigeria’s commitment to OPEC despite production cuts
Heineken Lokpobiri, has reaffirmed the nation’s commitment to the membership of the OPEC after Angola, Africa’s second-largest oil producer exited ...
Trouble in the Red Sea and Angola’s OPEC exit push oil prices up by 1%
Oil prices saw a 1% increase on Friday due to ongoing tensions in the Middle East stemming from Houthi attacks on ...
Angola to exit OPEC, says its ‘Interest Not Served’
Angola, a key member of the Organization of the Petroleum Exporting Countries (OPEC) since 2007, has declared its intention to ...
“Nigeria is top African crude oil producer for November 2023” – OPEC
Monthly oil market report released earlier today by OPEC says Nigeria is top African crude oil producer for November 2023.
Nigeria’s revenue target under threat, Brent Crude falls $6 below FG benchmark for 2024
Oil prices fell further in the London trading session on Wednesday, hitting five-month lows and heightening concerns.
OPEC urges its member countries to reject fossil fuel phase out at COP28
Haitham Al-Ghais, the Secretary General of the Organization of Petroleum Exporting Countries (OPEC), said it is important to focus on ...
