Nigeria’s crude oil production increased in February, 2025 with the country producing approximately 70,000 barrels per day above its Organization of the Petroleum Exporting Countries quota, according to a Reuters survey. OPEC’s oil output increased last month, driven by resilient…
The Secretary-General of the Organisation of the Petroleum Exporting Countries (OPEC), Mr Haitham Al-Ghais, has called on African nations to harness their 120 billion barrels of proven oil reserves to drive economic development. Delivering a keynote address titled “Driving Cross-Continental…
By Seun Ibiyemi The Organisation of Petroleum Exporting Countries (OPEC), has said that Nigeria’s average daily crude oil production has increased significantly to 1.539 million Barrels Per Day (bpd) in January. The country for the first time, met the…
The Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Haitham Al Ghais has said that many global Net-Zero policies have unrealistic targets and timelines and have little regard for developing countries with energy poverty. In an article published…
In December 2024, Nigeria achieved 98.97 percent of its crude oil production quota set by the Organisation of the Petroleum Exporting Countries (OPEC). OPEC’s average daily quota for the month was 1.5 million barrels per day (mb/d) of crude oil.…
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…
