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Tag "OPEC"

OPEC+ extends production cuts, adjusts Nigeria’s output to 1.38m bpd

    OPEC+ extends production cuts, adjusts Nigeria’s output to 1.38m bpd

The Organisation of Petroleum Exporting Countries (OPEC) and its allies, called OPEC+, have decided to extend the current voluntary cuts until the end of 2024. The oil cartel made the

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OPEC+ output cut, N22.7trn CBN loan… 7 business stories to track this week

    OPEC+ output cut, N22.7trn CBN loan… 7 business stories to track this week

Here are the seven top business news you need to track this week — May 8 to May 12. NATIONAL ASSEMBLY’S APPROVAL OF N22.7 TRILLION WAYS AND MEANS LOAN The

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Oil price falls to $82 a barrel amid OPEC’s decision to retain monthly output

    Oil price falls to $82 a barrel amid OPEC’s decision to retain monthly output

Oil prices dropped, on Thursday, after the Organisation of Petroleum Exporting Countries (OPEC) said it would maintain its current production levels. Brent crude, global oil price, fell by 0.58 percent

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Nigeria may surpass OPEC quota as NNPC targets 2.2m bpd in 2023

    Nigeria may surpass OPEC quota as NNPC targets 2.2m bpd in 2023

The Nigerian National Petroleum Company (NNPC) Limited says in 2023, Nigeria’s oil production may average 2.2 million barrels per day (bpd), including condensate. Mele Kyari, group chief executive officer (GCEO),

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Nigeria misses OPEC quota as oil production shortfall hits 6.9m bpd in 11 months

  Nigeria misses OPEC quota as oil production shortfall hits 6.9m bpd in 11 months

Nigeria recorded a shortfall in crude oil production totalling 6.9 million barrels per day (bpd) between January and November, 2022.

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OPEC: Nigeria contributed highest to global oil output in October

  OPEC: Nigeria contributed highest to global oil output in October

Nigeria contributed mainly to the increase in global crude oil production in October, according to the Organisation of the Petroleum

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‘Members acted unanimously’ — Saudi Arabia defends OPEC+ production cut after US backlash

  ‘Members acted unanimously’ — Saudi Arabia defends OPEC+ production cut after US backlash

The kingdom of Saudi Arabia says the decision by the Organisation of Petroleum Exporting Countries (OPEC) and its allies, known as

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Kuwait’s Haitham Al Ghais assumes office as OPEC secretary-general

  Kuwait’s Haitham Al Ghais assumes office as OPEC secretary-general

Haitham Al Ghais, a Kuwaiti oil and gas veteran, has formally assumed office as secretary-general of the Organisation of the

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PHOTOS: Barkindo’s meeting with Buhari — hours before his death

  PHOTOS: Barkindo’s meeting with Buhari — hours before his death

Muhammad Barkindo, the late secretary-general of the Organisation of Petroleum Exporting Countries (OPEC), met with President Muhammadu Buhari on Tuesday

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Mohammad Barkindo, OPEC secretary-general, is dead

  Mohammad Barkindo, OPEC secretary-general, is dead

Mohammad Sanusi Barkindo, secretary-general of the Organisation of Petroleum Exporting Countries (OPEC), is dead. Mele Kyari, group managing director of

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