Energy and Transition Realities, by Haitham Al Ghais   The energy transition as a concept is itself in need of a transition. We must move beyond the blinkered view that this is about substituting energy sources, that hydrocarbons should be consigned to the past and that recent...

Crude Oil: N720bn Lost to Lower Production in Eight weeks – Report Nigeria lost about N720bn in revenue as a result of the consecutive monthly decline in its crude oil production in February and March 2024. Also, the country’s inability to ramp up production in these...

Nigeria Oil Output Drops 6.8% to 1.23 mbpd as Libya Emerges Africa's Highest Producer Libya has emerged as the highest crude oil producer in Africa following the drop of Nigeria’s output by 6.8 per cent to 1.23 million barrels per day in March 2024, from...

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...