OPEC

By Teddy Nwanunobi The Organisation of the Petroleum Exporting Countries (OPEC), in its Oil Market Report for October 2021, said that Nigeria’s crude oil production averaged 1.451 million barrels per day (mbpd) in September 2021. …
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“Joe Biden knows that high gasoline prices are not good for incumbents. We’ll certainly be hearing more from the administration" By Teddy Nwanunobi The U.S. may ask the Organisation of Petroleum Exporting Countries (OPEC) member…
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By Teddy Nwanunobi The Organisation of Petroleum Exporting Countries and its allies (OPEC+) boosted crude oil output by 470,000 barrels per day in September. However, a number of its members, including Nigeria, were…
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By Teddy Nwanunobi Better times are here for the Federal Government, as Brent Crude, Nigeria’s crude oil benchmark, hit $84.50 per barrel on Monday afternoon, according to data from the Nigerian National Petroleum Corporation…
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By Teddy Nwanunobi The Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), H.E. Muhammad Barkindo, has charged energy companies to meet the rising requirements, as projected by OPEC’s World Oil Outlook…
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"There is no ‘one size fits all’ solution to addressing climate change. Different countries around the world have varying capabilities and diverse needs" By Teddy Nwanunobi The Organisation of Petroleum Exporting Countries (OPEC)…
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"OPEC has been committed to supporting stability in the global oil market since it was founded in September 1960 in Baghdad, Iraq" By Teddy Nwanunobi The Secretariat of the Organisation of Petroleum Exporting Countries (OPEC)…
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By Teddy Nwanunobi Saudi Arabia reduced oil prices for its main buyers, a day after OPEC+ sent crude futures surging by sticking to a plan for slow and steady supply increases. State firm Saudi Aramco’s cuts for customers in…
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"This means Nigeria’s landing cost of petrol is expected to rise closer to N250 per litre" By Teddy Nwanunobi Nigerian states, including local government areas, might face financial difficulties in the coming months as the rise…
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“If output continues to fall short of the group’s targets, oil prices could remain high into next year as well” By Teddy Nwanunobi Some analysts have seen the Organisation of Petroleum Exporting Countries (OPEC) oil strategy as…
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