Oil Drops Below $100, Nigeria’s Production Now 1.158mb/d   Brent, the international benchmark for crude, fell below $100 per barrel on Tuesday as the latest figures released by the Organisation of Petroleum Exporting Countries showed an increase in Nigeria’s oil production from 1.024 million barrels per...

OBITUARY: Mohammed Barkindo, the 'Stabiliser' who Made Nigeria Proud in Global Energy Community, by Rahma Oladosu   "Life's but a walking shadow, a poor player, That struts and frets his hour upon the stage, And then is heard no more. It is a tale Told by an idiot, full...

Nigeria Revenue May Crash Further As OPEC Forecasts Supply Glut     Nigeria’s revenue from crude oil sale may drop further in the first and second quarters of 2022 going by the latest projection of surplus oil supply in the period under review by the Organisation of...

$450bn Refinery Investments Coming To Nigeria, Others – OPEC     The Organisation of Petroleum Exporting Countries on Tuesday said about $450bn worth of new refinery projects and expansion of existing units would be invested in Nigeria and other developing nations. It said the investments were part of...

Poor Oil Investments’ll Have Adverse Impact On Nigeria, OPEC Warns       Investing poorly in the oil and gas industry will have a heavy adverse impact on Nigeria and other oil-producing developing nations, the Organisation of Petroleum Exporting Countries warned on Wednesday. OPEC observed that investment in the...

OPEC+ To Lower Oil Demand Forecast Amid COVID-19 Uncertainty       The Organisation of Petroleum Exporting Countries and its allies have agreed to lower the forecast that oil demand would grow by 5.9 million barrels per day this year. A panel of OPEC+ technical experts agreed to revise...