Nigeria is the top African crude oil producer for November 2023. This is according to data from the monthly oil market report released earlier today, December 13, by the Organization of Petroleum Exporting Countries (OPEC). In the recent OPEC report,…
OPEC has urged its member countries to reject calls for fossil fuel phase-out at the ongoing COP28. In a recent letter addressed to its members, Haitham Al-Ghais, the Secretary General of the Organization of Petroleum Exporting Countries (OPEC), said it…
The Organization of the Petroleum Exporting Countries (OPEC) has postponed a high-level ministerial meeting from November 26, 2023 to November 30, 2023. According to OPEC+ sources, OPEC members Angola, Congo and Nigeria are struggling to agree on output levels and…
Nigeria is Africa’s top crude oil producer for October 2023. This is according to the monthly oil market report from the Organization of Petroleum Exporting Countries (OPEC) which was released today, November 13, 2023. According to the report, oil…
THE price of OPEC basket of 13 crudes stood at $86.89 a barrel on Friday, August 25, 2023, compared with $85.71 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes, ORB, is made up of…
The Organization of Petroleum Exporting Countries, OPEC, is muzzling up and rallying members support to take additional measures aimed at stabilizing the oil market. The OPEC had signaled it will stay the course as group leader Saudi Arabia extends a…
Nigeria’s oil production fell 5.5% month-on-month from 1.184 million barrels per day in May to 1.249 million barrels per day in June 2023. Also, on year-on-year, YoY, the nation’s oil output dropped by 17.6 per cent to 1.249 mb/d in…
The Organization of Petroleum Exporting Countries, OPEC, has predicted rise in global energy demand by 2045. According to OPEC’s Secretary General Haitham Al Ghais, global primary energy demand is expected to surge by 23 per cent by 2045, adding that…
The Organization of Petroleum Exporting Countries, OPEC says it does not have a price target and is seeking to have a balanced oil market to meet the interests of both consumers and producers. The Organization perhaps refers to current Russia-Saudi…
Nigeria has congratulated the Organisation of the Petroleum Exporting Countries (OPEC) at 63. This is contained in a statement made available to the News Agency of Nigeria (NAN) in Abuja, by the Permanent Secretary, Ministry of Petroleum Resources, Amb. Gabriel…
