The Organization of Petroleum Exporting Countries, OPEC would most likely consider cutting oil output by more than 1 million barrels a day, according to delegates, when it meets on Wednesday for the first time in more than two years. A…
South Sudan has threatened to quit the OPEC group if it interferes with its ability to meet its ambitious oil production plans, first vice-president Riek Machar said on Tuesday. Speaking at an industry conference on September 13, Machar said that…
The Organisation of Petroleum Exporting Countries (OPEC) says its upward adjustment of 0.1 million barrels per day (mb/d) to the overall oil production level is only intended for September 2022. OPEC made this known at its report on the 32nd…
The OPEC+ meeting on Monday endorsed a decision to cut the collective oil production target by 100,000 barrels per day (bpd) for October, despite Russia reportedly resisting such a move. In another super-short meeting today, the energy ministers of the…
The price of the Organisation of the Petroleum Exporting Countries (OPEC) basket of 13 crude oil samples stood at 101.04 dollars per barrel as at Wednesday. This is compared with 106.41 dollars per barrel recorded on Tuesday, according to OPEC…
The price of the Organisation of the Petroleum Exporting Countries (OPEC) basket of 13 crude oil samples stood at 104.85 U.S dollars per barrel as at Monday, Aug. 29. This is compared with 103.89 U.S. dollars per barrel of the…
OPEC+members produced 2.9 million barrels per day (bpd) below their collective oil production target in July, two OPEC+ sources said on Monday. The gap between overall quota and actual oil production from the OPEC+ members has been growing for more…
The Organisation of the Petroleum Exporting Countries (OPEC) says Nigeria’s crude oil production increased to an average of 1.183 million barrels per day (bpd) in July 2022. OPEC made this known in its Oil Market Report for August 2022, which…
The price of OPEC basket of thirteen crudes stood at $101.19 a barrel on Thursday, compared with $104.17 the previous day, according to OPEC Secretariat calculations .
By Uthman Salami The Organisation of Petroleum Exporting Countries (OPEC), has increased Nigeria’s August, 2022, oil production quota by 1.5 per cent to 1.826 million barrels per day (mbpd) from 1.799 mbpd in July, 2022, which falls within a plan…
