Oil Demand to Grow by 2.2 million Barrel Daily – OPEC The Organisation of Petroleum Exporting Countries (OPEC+) has further extended its oil production cuts this month, with a target to push oil price to $100 a barrel. The decision was anything but unexpected and, unlike...

Crude Oil Price Hits $91 per Barrel  Brent Crude price has surpassed the $90 per barrel threshold and surged past the $91 per barrel mark as of Sunday. Global crude oil prices reported a second straight weekly gain and hit six-month high levels as markets watched...

Production Quota Unchanged as Crude Oil Prices Near $90 per Barrel – OPEC+ The Joint Ministerial Monitoring Committee (JMMC) of the Organisation of Petroleum Exporting Countries (OPEC) and its allies led by the Russian Federation has decided to keep oil production quota unchanged until its...

Nigeria, Iraq Reduced Oil Exports Plunge OPEC Output The Organisation of Petroleum Exporting Countries, OPEC, saw a decrease in oil output due to Nigeria and Iraq's reduction in crude oil exports in March. A survey by Reuters on Monday showed that OPEC pumped less crude in...

Nigeria’s Crude Production Falls 1.419mbpd in January - OPEC The Organisation of Petroleum Exporting Countries report shows that Nigeria’s crude oil production marginally dropped to 1.42 million barrels a day in January 2024. OPEC’s Monthly Oil Report for February 2024 released Tuesday showed that the country’s...

Trends that will Shape Nigeria's Economic Trajectory  Rising inflation, lower consumer purchasing power, global supply-chain bottlenecks, and forex shortages may continue to impact manufactured output in 2024. Professional services firm, PricewaterhouseCoopers (PwC Nigeria) made this projection in its latest Nigeria Economic Outlook, which highlights the seven...