The Joint Ministerial Monitoring Committee (JMMC) of the Organisation of Petroleum Exporting Countries (OPEC) has commended the progress made by Nigeria to conform with the agreement...
The Organisation of Petroleum Exporting Countries (OPEC) on Tuesday upheld its December 3, 2020 decision to increase crude oil production output by 500,000 barrels per day...
Nigeria exceeded the volume of crude oil it was allowed to produce between May 2020 and July 2020 by 111,000 barrels per day. This information was...
OPEC oil producers and allies will on Wednesday meet to review compliance with oil cuts meant to support oil prices amid the coronavirus pandemic. OPEC+ is...
THE Organisation of Petroleum Exporting Countries, OPEC, on Wednesday, put Nigeria’s oil output at 1.3 million barrels per day, mb/d. This was disclosed by the organization...
The African Energy Chamber has urged OPEC and OPEC+ to work together and find a deal to restore market stability. The situation in Africa’s oil economies...
Oil price rallied near $40 per barrel on Sunday evening, as a meeting between Organisation and Petroleum Exporting Countries (OPEC) and its allies have been postponed...
OPEC and its allies are likely to extend existing oil output cuts when they meet next month until mid-2020, with non-OPEC oil producer Russia supporting Saudi...
Crude oil price rose to $64 on Tuesday, the highest since President Muhammadu Buhari assumed office in May 2015. On Tuesday, Brent crude, the international benchmark...
After eight months, Nigeria has reclaimed its spot as Africa’s largest oil producer, edging out Angola by a few thousand barrels per day. In March 2016,...
The OPEC oil cartel reached a deal Wednesday to reduce its output for the first time in eight years, Qatar’s energy minister and president of the...
Oil prices rose to their highest level since October on Tuesday as the market planned a potential output cut led by producer cartel OPEC. International Brent...