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Tag "Orgaisation of Petroleum Exporting Countries (OPEC)"

Nigeria to meet OPEC output quota by May 2023, says Sylva

    Nigeria to meet OPEC output quota by May 2023, says Sylva

Timipre Sylva, minister of petroleum resources, says Nigeria should meet the production quota set by the Organisation of Petroleum Exporting Countries (OPEC) in May 2023. The minister said this in

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OPEC cuts oil demand growth forecast over low production, fears of global recession

    OPEC cuts oil demand growth forecast over low production, fears of global recession

The Organisation of Petroleum Exporting Countries (OPEC) says there will be a cut in its global oil demand growth forecast for 2023 over fears of global economic recession. The global

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OPEC: Nigeria lost Africa’s biggest oil producer spot in August

    OPEC: Nigeria lost Africa’s biggest oil producer spot in August

The Organisation of the Petroleum Exporting Countries (OPEC) says Nigeria recorded the highest drop in oil production in August. The global oil cartel said this in its monthly oil market

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Barkindo: Efforts to discourage oil exploration will cause energy crisis, insecurity

    Barkindo: Efforts to discourage oil exploration will cause energy crisis, insecurity

Mohammed Barkindo, secretary-general of the Organisation of Petroleum Exporting Countries (OPEC), says efforts to discourage oil exploration and development are bound to cause energy crises and undermine its security. Barkindo

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OPEC: Nigeria’s oil output rose by 6% to 1.39m bpd in January

  OPEC: Nigeria’s oil output rose by 6% to 1.39m bpd in January

The Organisation of Petroleum Exporting Countries (OPEC) says Nigeria’s oil output increased by six percent to 1.39 million barrels per

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Oil price hits $88 a barrel — first time since 2014

  Oil price hits $88 a barrel — first time since 2014

Brent crude, global oil benchmark, rose to $88 a barrel on Tuesday, on tighter supply by Organisation of Petroleum Exporting

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