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Nigeria retains Africa lead, pumps 1,277mbpd crude in June, Angola, Algeria, Congo production drop

The Organization of the Petroleum Exporting Countries (OPEC) has disclosed Nigeria maintained its position as the largest crude oil producer in Africa in June,...

Business

OPEC Will Rely On Your Support To Meet Energy Needs Of Nigeria, Sec Gen Tells Tinubu

The Secretary General of the Organisation of Petroleum Exporting Countries, Haitham Ghais has said that the organization would require the full support and cooperation...

Business

Again, OPEC shuts out Bloomberg, Reuters, WSJ from its Vienna conference

According to AFP, the media ban follows a similar move by the Vienna-based Organization of the Petroleum Exporting Countries, which saw accreditations withdrawn for...

Business

Nigeria felicitates OPEC at 63

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...

Business

Nigeria reclaims top spot as Africa’s largest crude oil producer, surpasses Angola

Nigeria has reclaimed the first position as Africa’s largest crude oil producer by overtaking Angola.This is according to data released by the Organization of...

Business

We ‘ve plan to surpass OPEC’s quota- NUPRC Chief Executive

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says its focus is to exceed the Organisations of Petroleum Exporting Countries (OPEC)’s oil production quota of...

Business

JUST-IN: Nigeria To Earn More Revenue From Oil & Gas Sector As OPEC Grants Approval To Produce ‘Maximally’ In 2023

Hopes for an increase in crude oil production for Nigeria were rekindled on Sunday following approval by the Organization of Petroleum Exporting Countries to...

News

OPEC report biggest production decline in 10 months

The Organisation of Petroleum Exporting Countries (OPEC+) in March reported the biggest decline in their collective production in 10 months.According to data by Energy...

Business

Oil price rises above $85 after OPEC+ members announce surprise production cut

The Organisation of the Petroleum Exporting Countries and its allies, OPEC+ which includes Saudi Arabia, Iraq and several Gulf states have announced a surprise...

Business

Despite issues, Nigeria ends 2022 as Africa’s largest oil producer

The Organisation of Petroleum Exporting Countries (OPEC) has revealed that Nigeria ended 2022 as Africa’s largest oil producer.According to OPEC, Nigeria in the month...

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