Oil, Gas To Meet Over 50% Global Needs By 2045 — OPEC
The Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Dr Mohammad Barkindo, has said the oil and gas sector will still supply over 50 per cent of the global energy needs...
Oil’ll Retain Largest Share In Global Energy Mix – OPEC
The demand for crude oil is projected to increase by about nine million barrels per day in future, as oil will continue to retain its largest share in the global energy mix, the Organisation of...
Oil Demand Risks Decline In Q1, 2021
The production policies of the non-member countries of the Organisation of Petroleum Exporting Countries (OPEC+) and pandemic’s path will continue to drive global oil prices in the year and result in global oil demand declining marginally in the...
Nigeria’s Nine-month Oil Export Earnings Drop By $1.24bn
The total revenue generated by Nigeria from crude oil and gas exports from January to September 2020 tumbled by $1.24bn, compared to the same period in 2019.
An analysis of data obtained from the Nigerian National Petroleum Corporation...
Nigeria’s Oil Rig Count Down 29% To 135 In 2020
There are indications that limited investment has taken a toll on exploration, as Nigeria’s rig count dropped year-on-year by 27.8 per cent to 135 in the year 2020, from 187 in 2019.
The oil rig count,...
Nigeria’s Daily Oil Production Dips to 1.17m Barrels
Crude oil production in Nigeria tumbled by 155,000 barrels to a record low in December amid the production cuts by the Organisation of the Petroleum Exporting Countries and its allies.
OPEC disclosed this on Thursday in its report...
