OPEC

Nigeria’s oil production has risen month-on-month, MoM, by 1.9 per cent to 1.258 million barrels per day, mb/d, in January 2023, from 1.235 mb/d...

Nigeria now ranks seventh on Organisation of the Petroleum Exporting Countries’ crude oil production list, according to the organisation’s Monthly Oil Market Report for...

More worries for the Nigerian government as crude oil production dropped below the one million mark in August 2022.Reports showed that oil output averaged...

The Organisation of the Petroleum Exporting Countries (OPEC) says World total oil demand in 2021 is pegged at 96.5 million barrel per day (mb/d(...

OPEC and its allies decided on Tuesday to maintain their policy of modestly boosting oil output next month as the rapidly spreading Omicron variant...

Major oil producers decided Thursday to keep raising output levels in January, despite the Omicron coronavirus variant raising fresh questions over demand.The OPEC+ alliance...

Nigeria has now officially written the Organisation of Petroleum Exporting Countries (OPEC), requesting a higher production quota under the OPEC+ accord.The Minister of State,...

The Organisation of Petroleum Exporting Countries (OPEC) yesterday expanded its global oil demand forecast for 2022 by almost one million barrels per day (bpd),...

The Organisation of Petroleum Exporting Countries has said that the demand for crude oil will gain momentum in the second half of 2021, beginning...

Oil-producing countries grouped together under the OPEC+ alliance led by Saudi Arabia and Russia agreed on output increases as of next month at a...