Nigeria’s oil production falls to 1.2mbpd in April 2022
Nigeria’s crude oil production fell to an average of 1.219 million barrels per day (mbpd) in April 2022, representing a ...
Tag: Organization of the Petroleum Exporting Countries
Tight supply pushes Brent oil above $87, its highest in 7 years
The global benchmark, the Brent oil futures alongside the United States benchmark, the West Texas Intermediate (WTI), have seen their ...
Libya closes in on Nigeria’s spot as Africa’s top oil producer
Nigeria's oil production fell again in October, nearly handing Libya the title of Africa's top oil producer. This is according ...
OPEC monthly market report; Nigeria reports marginal production uptick in September
In the recently released Organization of the Petroleum Exporting Countries (OPEC) Monthly Oil Market Report (MOMR), there were series of ...
China’s data disappoints, as oil prices fall
China, the second-largest oil consumer globally, posted a slightly poor economic report which clouded the fuel demand outlook in the ...
OPEC+ agree to raise oil production
For Nigeria, a combination of both higher oil prices and lower production cuts is needed to fund the country’s 2021 ...
At 60, can Nigeria keep depending on Crude Oil?
Six decades after the discovery of oil, can Nigeria continue to depend on the black gold as its mainstay?
OPEC production up by about 1 million barrels per day in August
OPEC pumped 24.7 million barrels a day for the month of August.
OPEC+ to slash production by extra 2.31 million barrels for members to limit oversupply
OPEC+ agreed to production cuts of 9.6 million barrels after record lows in April.
Crude oil prices drop, major oil powers to ease record oil supply curbs
Brent crude lost about 0.59%, to trade at $43.52 per barrel by 05.33 am GMT.
