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Tag "Organisation of Petroleum Exporting Countries (OPEC)"

Omicron: Oil market will face weeks of uncertainty, says OPEC

    Omicron: Oil market will face weeks of uncertainty, says OPEC

Mohammad Barkindo, secretary-general, Organisation of Petroleum Exporting Countries (OPEC), says the global oil and gas industry will face a significant level of uncertainty in the weeks ahead due to the

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Report: Nigeria’s oil production rises by 170,000 bpd in September — highest output in 2021

    Report: Nigeria’s oil production rises by 170,000 bpd in September — highest output in 2021

Nigeria’s crude oil output rose by 170,000 barrels per day (bpd) in September 2021, signalling revenue increase and more reserves to solve the country’s forex crisis. This is the outcome

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US calls on OPEC+ to increase production to crash oil prices

    US calls on OPEC+ to increase production to crash oil prices

The United States has called on the Organisation of Petroleum Exporting Countries and its allies known as OPEC+ to increase oil production to tackle rising gasoline prices. In a statement

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Crude oil hits $68 as Goldman Sachs projects prices may rise to $80 by Q3

    Crude oil hits $68 as Goldman Sachs projects prices may rise to $80 by Q3

The price of Brent crude, against which Nigeria’s crude oil is priced, has risen to $68.03 per barrel following the decision of the Organisation of Petroleum Exporting Countries (OPEC) to

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OPEC: Nigeria’s daily oil production fell to1.17m barrels in December

  OPEC: Nigeria’s daily oil production fell to1.17m barrels in December

The Organisation of Petroleum Exporting Countries (OPEC) says Nigeria’s daily crude oil production fell to 1.17 million barrels in December

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OPEC cuts: Nigeria to reduce daily crude oil production by 313k barrels

  OPEC cuts: Nigeria to reduce daily crude oil production by 313k barrels

Nigeria has agreed to voluntarily cut its daily crude oil production by 939,000 barrels between January and March. This is

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OPEC: Nigeria’s crude oil export earnings rebounded by 116% in November 2020

  OPEC: Nigeria’s crude oil export earnings rebounded by 116% in November 2020

The Organisation of Petroleum Exporting Countries (OPEC) says Nigeria’s crude oil export earnings recorded a rebound of 116 percent in

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OPEC world oil outlook in focus

  OPEC world oil outlook in focus

One of the most anticipated publications that influence oil prices will be released this afternoon. Published once a year by

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Goldman Sachs: OPEC deal insufficient to offset demand loss

  Goldman Sachs: OPEC deal insufficient to offset demand loss

Goldman Sachs, a multinational investment bank, says the new crude oil supply cut is not enough to offset the demand

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In 10 months, CBN ‘has pumped $3.6bn’ into forex market

  In 10 months, CBN ‘has pumped $3.6bn’ into forex market

The Central Bank of Nigeria (CBN) has reportedly injected $3.6bn into the forex market since February. NAN reports that the

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