Oil Production Now 1.18mbpd, Highest In Seven Months
Nigeria’s crude oil production rose to 1.185 million barrels per day in November 2022, representing the highest output by the country in the past seven months.
Latest oil production figures obtained from the Nigerian Upstream Petroleum Regulatory Commission...
Oil Earnings Crashed By N288bn In Q3, 2022
Nigeria’s oil earnings have gone southward amid rising crude thefts among other factors.
Nigeria’s earnings from crude oil crashed by N287.95bn in the third quarter of 2022 as a result of the incessant theft of the commodity in...
OPEC Decision On Oil Production Cut, Unanimous – FG
The Federal Government on Tuesday said the decision by the Organisation of Petroleum Exporting Countries (OPEC) to cut two million barrels of crude oil production was a unanimous one.
It said the step was taken to stabilise...
Crude Oil Price Drops To $86 Per Barrel
Brent, the global benchmark for crude, dropped in price on Sunday as virtually all oil grades witnessed reduced prices on the first day of the week despite efforts by the Organisation of Petroleum Exporting Countries (OPEC) to...
Nigeria’s Crude Oil Production Crashes To 900,000 Per Day
Nigeria’s crude oil revenue has continued to slump as the Organization of the Petroleum Exporting Countries (OPEC) newly released Monthly Oil Market Report for September revealed that the country’s crude oil output fell to 900, 000...
Libya, Angola Overtake Nigeria In Crude Production – OPEC
Nigeria’s oil production plunged to 972,000 barrels per day in August 2022, as Angola and Libya overtook Nigeria by producing higher volumes of crude during the review month, the Organisation of Petroleum Exporting Countries (OPEC) has...
