OPEC
12 Apr
Nigeria’s crude oil production plummeted further to a 2024 low in March as the country’s output stood at 1.2 million barrels per day (bpd) according to the Organisation of Petroleum Exporting Countries (OPEC).
10 Apr
Nigeria may face critical economic challenges, as some stakeholders are projecting a $100 per barrel oil price following the move by the Organisation of Petroleum Exporting Countries (OPEC) and geopolitical tensions in the Middle East.
26 Mar
Nigeria’s manufacturers and businesses struggling due to the lingering energy crisis may have more to worry about, as oil price, yesterday, soared to $87.16 per barrel.
14 Mar
The continuous drop in Nigeria’s oil production is spelling serious doom and raising concerns among stakeholders over the 2024 budget, which relies heavily on crude oil revenue.
6 Mar
Nigeria’s population has been projected to more than double in the coming decade. This development is expected to among other implications escalate energy demand and increase pressure on revenue.
29 Feb
Nigeria, yesterday, said about $17.64 billion worth of oil field development plan was approved last year to deliver oil and gas recovery estimated at 2.12 billion barrels and 13.13 trillion cubic feet respectively in the next five years.
14 Feb
Nigeria's oil production slightly dropped to 1.419 million barrels per day in January against the 1.422 million figure for December, Organisation of Petroleum Exporting Countries (OPEC) confirmed yesterday.
7 Jan
The Organisation of the Petroleum Exporting Countries (OPEC) has applauded Nigeria’s economic growth in the third quarter of 2023 which it said “exceeded expectations” on strong activities in the non-oil sectors.
21 Dec
Angola said on Thursday it would leave OPEC over a disagreement on production quotas following the oil cartel's decision last month to further slash output next year. Mineral Resources and Petroleum Minister Diamantino Azevedo said that the decision was not taken lightly, but OPEC membership no longer served the African country's interests. "Angola has decided…
18 Dec
For climate activists who were locked in intense lobby to push for specific deadline on phasing out fossil fuel at COP28, it was a matter of life and death, but not for our bureaucrats who do not care whether heavens fall. For us, it’s all about consumption, corruption and rapacious greed.
9 Dec
French Energy Minister Agnes Pannier-Runacher said Saturday she was "stunned" after the oil cartel OPEC urged its members to thwart any deal targeting fossil fuels at the COP28 conference.
29 Nov
OPEC Secretary General, Haitham Al Ghais, has criticised the International Energy Agency (IEA) for its recent statement, stating that it overly focuses on specific issues and unfairly blames the oil and gas industry for the climate crisis.
Latest
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