The Nigerian National Petroleum Company (NNPC) Limited and the Nigerian Upstream Petroleum Regulatory Authority (NUPRC) have clarified that the country’s crude oil production has exceeded the 1.5 million barrels per day (mbpd) quota set by the Organisation of the Petroleum…
Nigeria’s average crude oil production in the month of September declined by as much as 33,000 barrels to 1.405 million barrels per day. In its October oil market report, the Organisation of Petroleum Exporting Countries (OPEC) revealed that Nigeria’s crude…
Nigeria’s recent fuel price hike has sparked widespread concern, with many attributing the blame to oil producers, particularly domestic operators such as the Dangote Refinery. However, Secretary-General of the Organization of Petroleum Exporting Countries (OPEC), Haitham Al Ghais, has clarified…
The State Minister of Oil, Heineken Lokpobiri, has insisted that the country is producing 1.7 million barrels of crude oil daily including condensates. Lokpobiri made this disclosure during a keynote speech at an energy summit in Abuja. He said the…
Nigeria’s crude oil production in the month of July rose to 1.307 million barrels of crude oil daily according to the monthly oil market report of the Organisation of Petroleum Exporting Countries (OPEC). According to the report, the country added…
The Organisation of Petroleum Exporting Countries, OPEC, has said supplies from Nigeria-based world’s largest single-train Dangote Refinery and Petrochemicals will put pressure on the performance of Europe’s oil industry, especially the Northwest Europe (NWE) Gasoil. OPEC in its newly released…
Nigeria’s average daily crude oil production increased to 1.27 million barrels per day (mbpd) in June 2024, fresh data from the Organisation of Petroleum Exporting Countries (OPEC) has shown. According to the Monthly Oil Market Report (MOMR) released on Wednesday,…
Nigeria has maintained its position as the largest crude oil producer in Africa amid production rise to 1.276 million barrels per day in June, 2024. This is according to the latest data of Petroleum Exporting Countries, OPEC. This represents a…
The Organisation of the Petroleum Exporting Countries (OPEC) says energy demand will rise by an estimated 23 per cent by 2025. OPEC says the rise will be fueled by a world economy that is expected to double in size, growing…
The Joint Ministerial Monitoring Committee (JMMC) of the Organisation of Petroleum Exporting Countries and its allies (OPEC+) has pegged Nigeria’s crude oil production quota for 2024 at 1.5 million barrels daily. This was disclosed in a press statement following the…
