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ORGANIZATION OF THE PETROLEUM EXPORTING COUNTRIES
The Organization of the Petroleum Exporting Countries (OPEC) has reported that Nigeria’s average daily crude oil production rose to 1.505 million barrels per day (bpd) in June 2025.
Nigeria’s crude oil production fell to an average of 1.219 million barrels per day (mbpd) in April 2022, representing a 1.53% decline...
The global benchmark, the Brent oil futures alongside the United States benchmark, the West Texas Intermediate (WTI), have...
Nigeria's oil production fell again in October, nearly handing Libya the title of Africa's top oil producer. This...
In the recently released Organization of the Petroleum Exporting Countries (OPEC) Monthly Oil Market Report (MOMR), there were...
China, the second-largest oil consumer globally, posted a slightly poor economic report which clouded the fuel demand outlook...
For Nigeria, a combination of both higher oil prices and lower production cuts is needed to fund the country’s 2021 budget.
Six decades after the discovery of oil, can Nigeria continue to depend on the black gold as its mainstay?
OPEC pumped 24.7 million barrels a day for the month of August.
OPEC+ agreed to production cuts of 9.6 million barrels after record lows in April.
Brent crude lost about 0.59%, to trade at $43.52 per barrel by 05.33 am GMT.
Brent crude was slightly up by 0.04% to trade at $43.23 at 5:42 am local time on Thursday.