OPEC

Global oil markets rose into renewed turmoil Thursday after crude prices climbed above the $100 per barrel mark, driven by escalating geopolitical tensions in the Middle East and mounting fears of a prolonged disruption to global…
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Nigeria’s crude oil production fell to 1.31 million barrels per day (bpd) in February, according to the Organisation of Petroleum Exporting Countries (OPEC) data. In its monthly report on Wednesday, the oil alliance said the figure…
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Crude oil prices traded in a narrow range on Monday as investors assessed geopolitical developments and supply expectations. Brent crude oil hovered close to the $68 per barrel level, while U.S. West Texas Intermediate remained near…
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Global oil prices remained under pressure on Thursday as markets reacted to advancing negotiations between the United States and Venezuela that could pave the way for sanctioned Venezuelan crude to re-enter international trade flows. …
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Nigeria’s drive to strengthen its energy security and maintain its place in the global oil and gas market is coming under pressure as inadequate private sector investment threatens future supply stability. This warning follows fresh…
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Merger and acquisition activity has now fallen for three straight quarters, according to Enverus, marking a sharp departure from a period of blockbuster deal activity that included the $60 billion combination of Exxon Mobil and Pioneer…
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Global oil prices rebounded sharply this week, with Brent crude climbing back above $70 per barrel, as geopolitical tensions and supply uncertainties rattled energy markets. For Nigeria, Africa’s top oil producer, the rally offers…
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Oil prices climbed on Friday, on track for a weekly gain of more than 4%, as Ukraine’s attacks on Russia’s energy infrastructure prompted Moscow to curb fuel exports. Brent futures gained 89 cents, or 1.28% to $70.31 a barrel. U.S.…
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Maryamu Idris. Credit: NNPC The Nigerian National Petroleum Company has congratulated Maryamu Idris on her appointment as Nigeria’s National Representative to the Organisation of the Petroleum Exporting Countries (OPEC). Announcing…
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Crude oil prices rallied yesterday with slight gain to begin the week on a positive. While the Brent crude traded at $66.99, recording a gain of $0.62 or 0.93 per cent, the West Texas Intermediate (WTI), also gained $0.32, or 0.51 per…
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