According to a new report, Nigeria's crude oil production declined in April 2024, which has sparked many discussions and criticisms regarding the sustainability of the previous increase seen in Januar...
On Wednesday, the Organisation of Petroleum Exporting Countries (OPEC) announced that it and its allies had agreed to maintain the current oil output policy through their June meeting.According to a s...
Last month, the Organisation of Petroleum Exporting Countries (OPEC) witnessed a significant decline in oil production due to Nigeria's and Iraq's decreased crude oil exports in March.However, this in...
The Organisation of Petroleum Exporting Countries (OPEC), on January 18, 2024, released its Monthly Oil Market Reports (MOMR), revealing that Nigeria has experienced an increase in its crude oil outpu...
Reports have shown that the Organisation of Petroleum Exporting Countries (OPEC) has indeed maintained steady crude oil production in December 2023, producing 28.05 million barrels per day (bpd).The r...
In previous months, the Organization of Petroleum Countries has been having issues with a few of its members, leading to Angola leaving OPEC and a decline in global crude oil prices on Thursday.Before...
OPEC has partially settled the dispute that occurred some weeks back as some top oil-producing countries (Nigeria and Angola) clamoured for an increase in their production quota in 2024. Ye...
Nigeria and Angola, the two largest crude oil producers, have opposed the reduction in their crude oil production quotas by the Organization of Petroleum Exporting Countries (OPEC).According to delega...
On Wednesday, Members of the OPEC+ producer in Africa Angola and Nigeria disclosed that they are planning on increasing the oil output for next year. However, the meeting to talk about next year’s p...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) data shows that Nigeria produced a total of 1.4 million barrels of crude oil per day.The August data released shows that oil production wa...