Nigeria’s Daily Oil production Drops To 1.32m Barrels         Crude oil production in Nigeria extended its decline to 1.32 million barrels per day in November on the back of the cut deal by the Organisation of the Petroleum Exporting Countries and its allies. The latest data obtained...

OPEC Ministers Meet On Oil Cuts       Top energy decision makers from across the Organisation of Petroleum Exporting Country (OPEC) are scheduled to meet today in furtherance of the 23-nation network’s consideration oil output. Today’s full OPEC ministerial meeting comes ahead of tomorrow’s meeting between OPEC and...

Oil Drops To $47 As Fate Of OPEC+ Deal Uncertain         The international oil benchmark, Brent crude, pared some of its recent gains on Thursday as what seemed to be shaping up as a smooth OPEC+ meeting has hit some turbulence with an airing of grievances. Brent,...

Nigeria’s Oil Rig Count Rises By 2 As OPEC’s Decreases By 14         Nigeria has for two months now continued to experience rise in oil production as its rig count moved up by two, having recorded 10 in September, as against eight recorded in August. Earlier in...

Iraqi Oil Facilities Secure, Production Continuing – OPEC   Iraqi oil facilities are secured and the country’s production is continuing, Secretary General of the Organization of the Petroleum Exporting Countries (OPEC) Mohammed Barkindo said on Wednesday. “It’s a big relief that the facilities continue to be secured...

US Refiners Increase Crude Imports From Nigeria, Others Refiners in the United States have turned to several lesser-used oil suppliers in the wake of US sanctions that restricted usual providers of widely-used grades as they gear up for peak driving season. Nigeria, Iraq, Brazil and Angola...