OPEC

In a concerning development for consumers and the Nigerian economy, global crude oil prices surged to $95.70 per barrel on Monday, up from the weekend's $94 per barrel. This uptick,…
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The prices of Brent crude oil went up to $84 on Thursday on the back of an OPEC+ induced supply tightness.
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Vienna, Austria - The Organization of Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+, have reached an agreement to implement a general production cut…
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Nigeria's premium oil grade, Bonny Light, experiences a price drop to $73.87 per barrel, raising concerns over the 2023 budget and the nation's oil production amid a global economic…
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Nigeria's oil production rose by 1.9% to 1,258 million barrels per day in January 2023 from 1.235 mb/d in December 2022, OduNews reports.
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Brent crude oil increased by $2.69 to settle at $80.68 per barrel on Tuesday after data pointed to slowing inflation in the United States.
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The Organisation of Petroleum Exporting Countries (OPEC) says $12.1 trillion is needed in investment to meet global oil demand.
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Brent Crude Oil price rose to $88 per barrel on Monday as OPEC+ mulls cutting output by more than 1 million barrels per day.
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The price of oil decreased on Wednesday on the back of the increase in the United States' interest rate, OduNews reports.
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The Organisation of Petroleum Exporting Countries and its allies (OPEC+) on Monday announced a marginal cut in crude oil production by 100,000 barrels per day.
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The global oil benchmark, Brent crude oil, increased by $2.42, or 2.6% to $95.44 on Monday ahead of the OPEC+ meeting later today.
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The global oil benchmark, brent crude oil, rose above $100 on Wednesday after the Organisation of Petroleum Exporting Countries and allies hinted that it could consider cutting output.
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The Organisation of Petroleum Exporting Countries and its allies (OPEC+) have raised Nigeria’s oil quota to 1.830 million barrels per day, mb/d in September 2022, from 1.826 mb/d in…
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The global oil benchmark, Brent Crude, plunged 0.37% to $99.66 a barrel, while West Texas Intermediate (WTI) crude fell 0.01 percent to $93.88 a barrel.
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July 6 - The Nigeria National Petroleum Company Limited (NNPC) Group Managing Director(GMD), Mele Kyari, has confirmed the death of the Secretary-General of the Organisation of…
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June 15- Nigeria’s daily crude oil production has fallen further to 1.024 million barrels per day (mbpd) in the month of May 2022, a 15.9% decline compared to 1.219mbpd recorded in the…
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The Organisation of Petroleum Exporting Countries and non-OPEC partners have agreed to raise the global oil supply to 648,000 barrels per day. The decision was made at the 29th…
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NIGERIA’s oil production in April 2022 averaged 1.354 million barrels per day, mbpd, about 78 percent of the 1.735 mbpd quota allocated to it by the Organisation of Petroleum Exporting…
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Nigeria yesterday got the approval of the Organisation of Petroleum Exporting Countries (OPEC) to increase its crude oil production quota by 19,000 barrels per day in June 2022.…
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Nigeria's crude oil price would rebound by at least $15 per barrel, Minister of State for Petroleum, Timpire Sylva says. This is following the latest intervention of the…
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