Tag
ORGANIZATION OF PETROLEUM EXPORTING COUNTRIES
The Organization of Petroleum Exporting Countries (OPEC) has reported a decline in Nigeria’s oil production following its April Monthly Oil Market Report (MOMR), the country’s crude oil output dropped by 4.37% in March falling from 1.465 million barrels per day (bpd) in February to 1.401 million bpd
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
A combination of various events on the global front could make it possible for Nigeria to increase its crude oil revenues in 2023.
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
Nigeria maintained the top spot in direct and secondary sources
The National Security Adviser, Major General Babagana Monguno, has warned that the Federal Government may lose an estimated...
Transforming natural gas reserves into supply in Africa will require more than $1.6 trillion in investment in the upstream sector alone