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Nigeria retains top spot as crude oil production surges to 1.35m bpd in August

Nigeria’s average daily crude oil production increased to 1.35 million barrels per day (bpd) in August.This is even as Nigeria retained its position as...

Business

OPEC Lists Dangote Refinery Among Top Diesel, Jet Fuel Suppliers That Will Disrupt Europe’s Oil $ Gas Industry

The Organization of Petroleum Exporting Countries said supplies from Nigerian-based Dangote Refinery and Petrochemicals will put pressure on the performance of North West Europe...

Business

Nigeria’s crude oil production increased to 1.27mbpd in June —OPEC

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...

Business

OPEC projects 23% growth in world’s energy demand by 2024

The Organisation of the Petroleum Exporting Countries (OPEC) has projected a 23 percent increase in energy demand across the world by 2045.The OPEC Secretary-General,...

Business

Nigeria’s Crude Oil Production Falls Below OPEC Quota

Nigeria’s average daily crude oil production dropped to 1.25m barrels per day (bpd) in May 2024, according to the Organization of Petroleum Exporting Countries...

Business

OPEC sets Nigeria’s crude oil production for 2025 at 1.5million bpd despite Nigerian govt 1.78 bpd benchmark

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...

Business

OPEC sets Nigeria’s crude oil production for 2025 at 1.5million bpd despite Nigerian govt 1.78 bpd8

By: Babajide OkeowoThe Joint Ministerial Monitoring Committee (JMMC) of the Organisation of Petroleum Exporting Countries and its allies (OPEC+) has pegged Nigeria’s crude oil...

Business

Nigeria Regains Top Spot In African Oil Production

Nigeria has reclaimed its position as Africa’s leading oil producer, according to the latest report from the Organization of the Petroleum Exporting Countries (OPEC)...

Business

Nigeria’s oil output declines as OPEC’s April output down by 440,000 Bpd

Crude production output by the Organisation of Petroleum Exporting Countries(OPEC), in April, fell by 440,000 barrels a day, even as Nigerian production recorded a...

Business

Fourteen Months After Shutdown, NNPC Ltd, Partner Restart Oil Production From Awoba Unit Field

Keen on optimising production from the nation’s hydrocarbon assets to boost revenues and meet the nation’s OPEC production quota, the Nigerian National Petroleum Company...

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