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Report: Nigeria loses top spot to Libya as oil ouput suffers decline

    Report: Nigeria loses top spot to Libya as oil ouput suffers decline

Nigeria’s output declined further in October, losing the top spot to Libya amid persisting supply disruptions.  This is according to the latest monthly oil market report released by the Organisation

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Nigeria backs OPEC+ in snubbing Biden’s call for bigger oil output

    Nigeria backs OPEC+ in snubbing Biden’s call for bigger oil output

Nigeria joined the Organisation of Petroleum Exporting Countries and its allies (OPEC+) to rebuff pressures from the United States government to ramp up the global oil supply. On Thursday, OPEC+

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Oil prices rise to $84 a barrel ahead of OPEC+ meeting

    Oil prices rise to $84 a barrel ahead of OPEC+ meeting

Oil prices continued to surge ahead of Thursday’s meeting of the Organisation of Petroleum Exporting Countries (OPEC) and its allies (OPEC+). Oil price increased by 1.36 percent to $84.71 for

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OPEC+ maintains monthly output increase by 400,000bpd

    OPEC+ maintains monthly output increase by 400,000bpd

The Organisation of Petroleum Exporting Countries and its allies known as OPEC+ have maintained its gradual production increase by 400,000 barrels per day. OPEC+ reaffirmed its position to maintain the

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‘You’ve inaugurated a new era in oil sector’ — OPEC hails Buhari for signing PIB into law

  ‘You’ve inaugurated a new era in oil sector’ — OPEC hails Buhari for signing PIB into law

The Organisation of Petroleum Exporting Countries (OPEC) says the assent of President Muhammadu Buhari to the Petroleum Industry Bill (PIB)

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Oil inches towards $80 after OPEC+ calls off output talks

  Oil inches towards $80 after OPEC+ calls off output talks

Oil prices continued an upward trend after talks collapsed among ministers from OPEC+ — consisting of the Organisation of the

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Barkindo: $1trn oil revenue lost by OPEC members in two years

  Barkindo: $1trn oil revenue lost by OPEC members in two years

The Organisation of the Petroleum Exporting Countries (OPEC) says Nigeria and oil-producing members lost about $1 trillion in revenue within

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OPEC projects gradual crude oil recovery in H2 2021

  OPEC projects gradual crude oil recovery in H2 2021

A joint committee of ministers from OPEC and non-OPEC countries have projected an increase in global crude oil demand by

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OPEC: Nigeria’s daily oil production increased by 7% in February

  OPEC: Nigeria’s daily oil production increased by 7% in February

The Organisation of Petroleum Exporting Countries (OPEC) says Nigeria’s daily crude oil production increased by 7.6 per cent to 1.4

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Nigeria’s gradual road to economic recovery

  Nigeria’s gradual road to economic recovery

Africa’s largest economy has displayed resilience over the past few months. From defending against the COVID-19 menace to battling untamed

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