OPEC Raises Nigeria’s Oil Output As Saudi Arabia Cuts Production
Members and non-members of the Organisation of Petroleum Exporting Countries, referred to as OPEC+, on Sunday, agreed to cut crude oil production volumes in order to ensure global oil market stability, but allowed Nigeria, Congo...
Nigeria’s Average Crude Oil Production Rises By 15% In 2023
Despite its perennial underproduction in the last two years, Nigeria has been able to ramp up its crude oil output compared to its budget benchmark from an average of about 60 per cent to 75...
Malami to Reps: $2.4bn Diversion Claim Baseless, Lacks Merit
The Attorney General of the Federation and Minister of Justice, Abubakar Malami (SAN), has told the House of Representatives that the allegation that 48 million barrels of crude oil valued at over $2.4bn were sold to...
OPEC, Allies Begin Fresh Oil Production Cuts May
The Organisation of Petroleum Exporting Countries and its allies, referred to as OPEC+, on Sunday, announced voluntary cuts to their production of crude oil, amounting to about 1.15 million barrels per day, calling it a “precautionary measure”...
Sales of Crude Oil Rise by 46% to N21tn - NBS
Nigeria’s crude oil sales rose by 46.41 per cent to push Nigeria’s total export to N26.79tn in 2022.
This is as total trade rose by 31.79 per cent from N39.75tn in 2021 to N52.39tn in...
Oil Production May Drop Over Fresh Pipeline Explosions
Nigeria’s oil production output may fall this month over a fresh pipeline explosion, according to findings by our correspondent.
A fresh explosion was said to have rocked a major export pipeline in the Niger Delta, with about 12...
