Crude Oil Prices Drop to Multi-Year Lows; Petrol and Diesel Prices Expected to Fall
The common man, who has been struggling with rising fuel prices, may soon find relief as crude oil prices in the…
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OPEC
Minister disputes OPEC’s data, says Nigeria’s crude production is 1.7mbpd
Lokpobiri
The State Minister of Oil, Heineken Lokpobiri, has insisted that the country is producing 1.7 million barrels of…
Nigeria’s crude oil production increased to 1.3m barrels in July – OPEC
Nigeria’s crude oil production in July rose to 1.307 million barrels of crude oil daily. This is according to July’s monthly…
Global Oil Demand Faces Challenges Amid OPEC+ Supply Plans
Global oil demand growth must accelerate in the coming months to absorb the planned increase in oil supply by OPEC+…
Crude Oil Prices Fall 11.8% In One Month As US Recession Pressure Heightens
Crude Oil and Dollar
Amidst the United States recession forecast, crude oil prices have plunged by over 11 per cent…
Nigeria’s oil production stagnates as crude grades fall below $90
The Organization of the Petroleum Exporting Countries (OPEC) Monthly Oil Market Report for June revealed that Nigeria…
OPEC+ Production Cut To Balance Global Market – Russian Deputy PM
In a statement on Monday, Russian Deputy Prime Minister Alexander Novak expressed confidence that the global oil market will…
Producer Nations Battle Production Cut As OPEC Audits Quota Capacity
There is seeming disagreement among producers nations with the Organization of Petroleum Exporting Countries, OPEC which is…
Nigeria Recovers Rise In Oil Output, Now 1.28MBPD After March Drop – OPEC
The Organisation of the Petroleum Exporting Countries says that Nigeria’s dwindling daily oil production turned a corner in…
Nigeria regains position as largest crude oil producer in Africa – OPEC
Nigeria regained its position as the largest producer of crude oil in Africa in April. The Organisation of Petroleum…