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...
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...
