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Tag: OPEC

OPEC raises Nigeria’s oil production quota despite low output

The Organisation of Petroleum Exporting Countries on Thursday raised the crude oil…

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OPEC cuts 2022 oil demand over economic concerns

…says oil producers lack capacity to replace Russian supply The Organisation of…

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Nigeria’s crude oil production rigs drop by 37.5%, says OPEC

The number of functional crude oil production rigs in Nigeria decreased by…

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Nigeria’s oil production crashed by 744,000 barrels in March – OPEC

Nigeria’s crude oil production crashed by 744,000 barrels in March 2021 when…

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Russia-Ukraine war creating highly volatile oil market, says OPEC

THE ongoing war by Russia in Ukraine is making the global oil…

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Russia-Ukraine war: Oil hits $114, OPEC laments seven million bpd loss

Brent, the crude against which Nigeria’s oil is priced, moved up in…

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OPEC quota: Elumelu disagrees with Sylva over low oil sector investment

Nigeria’s billionaire businessman, economist, and philanthropist, Tony Elumelu, on Thursday argued that…

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Oil production: Again, Nigeria fails to meet OPEC quota

Nigeria failed to meet the 1.8 million barrels per day oil production…

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Push against oil investments slow’ll growth in Nigeria, others – OPEC

The Organisation of Petroleum Exporting Countries on Thursday said the push against…

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IOCs’ exit stalls Nigeria’s ability to meet OPEC quota – FG

The Federal Government on Wednesday said its inability to meet the oil…

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