OPEC Boost Nigeria Crude Oil Quota to 1.799million Barrels Per Day
The Organisation of Petroleum Exporting Countries (OPEC) has increased Nigeria's crude oil quota from 1.772million barrels per day for June 2022 to 1.799million barrels per day in July 2022.
According to the World’s oil supply...
Cut In Russian Output Widens OPEC+ Supply Gap In March
The Organisation of Petroleum Exporting (OPEC+) produced 1.45 million barrels per day (bpd) below its production targets in March, a Reuters report has shown.
The reduction in output was mostly on the back of Russian output...
'Nigeria’s Oil Production Crashed By 744,000 Barrels In March'
Nigeria’s crude oil production crashed by 744,000 barrels in March 2021 when compared to what the country produced in the preceding month of April, figures released on Tuesday by the Organisation of Petroleum Exporting Countries (OPEC)...
Oil Prices Drop Below $100 A Barrel Amid Lockdowns In China
Oil prices, on Monday, plunged 4 per cent amid concerns that the pandemic will cut demand in China.
Brent crude futures fell 4 5 per cent to $98.16 a barrel by 19:53 GMT +1, while...
Senate To NUPRC: Stop IOCs Evading Tax From Lifting Crude Oil
The Senate Committee on Finance has asked the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to stop international oil companies (IOCs) evading tax from lifting crude oil. The panel said the move has become imperative...
IOCs Fear Collapse As FG Says $3.27bn Crude Stolen In 14 Months
The total value of Nigeria’s crude oil stolen between January 2021 and February 2022 is about $3.27bn (representing N1.361tn at the official exchange rate of N416.25 to the dollar), the Federal Government declared...
