OPEC

Crude oil barrels in a row. Image credit - Getty Images The Organization of Petroleum Exporting Countries (OPEC) will meet on November 26 and African countries face the possibility of being asked to stick to new crude oil production…
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Nigeria’s earnings from crude oil sales increased by N188.7 billion in August 2023 due to the rise in the production of the product by both international and local operators. Data obtained from the Nigerian Upstream Petroleum…
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A review of global oil prices on Oil Price early on Wednesday, September 13 (5:36 AM, GMT+1), showed that Brent crude is at $92.28 per barrel. Yet, the country has failed to significantly increase its oil production. …
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Nigeria has been dethroned by Angola as the top crude producer in Africa, according to the Organisation of Petroleum Exporting Countries (OPEC). In the OPEC Monthly Oil Market Report of August 2023, using direct communication,…
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By Moses Patience Chat The International Monetary Fund has suggested measures that Nigeria and other oil-producing countries need to put in place to resolve their low crude oil production challenges. This was revealed in its…
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By Moses Patience Chat Nigeria’s revenue from crude oil export increased by N337bn in the month of March, hitting N1.8 trillion. According to shipping data from Rifinitiv Eikon, the increase came as the country attained its…
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By Adaobi Rhema Oguejiofor Crude oil production from the Organization of Petroleum Exporting Countries (OPEC) was cut by 70,000 barrels per day (bpd) in the month of March when compared to what was obtained in the month of February.…
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By Moses Patience Chat Fears sprang up during the weekend as the price of Nigeria’s premium oil grade, Bonny Light, dropped to $73.87 per barrel, from $76.37, indicating a fall by 3 per cent. The Federal Government had…
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By Yange Ikyaa After oil prices started relatively steady early on Friday morning, rumors began to circulate that the UAE was considering leaving OPEC and oil prices dropped dramatically. The Wall Street Journal reported…
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*Crude oil barrels Oil prices fell on Wednesday as concerns about fuel demand were stoked by expectations minutes of the U.S. Federal Reserve’s most recent policy meeting due later in the day would indicate a need for higher interest…
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