Eight members of the OPEC+ coalition announced on Sunday that they will extend their oil supply cuts until the end of December. This decision is part…
Browsing: OPEC
Due to their reliance on imported petroleum products, several African countries are extremely susceptible to fluctuations in global oil prices. However, local factors such as inflation…
The Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Haitham Al Ghais, has attributed the primary cause of fuel price hikes to tax imposition…
In its September Monthly Oil Market Report, the Organisation of Petroleum Exporting Countries (OPEC) noted a slight increase of 45,000 barrels per day in average daily…
The National Bureau of Statistics has reported a reduction in Nigeria’s oil production by 160,000 barrels per day in the second quarter of 2024. According to…
According to the latest data from the Organisation of the Petroleum Exporting Countries (OPEC), Nigeria maintains its pivotal role as the largest producer of crude oil…
The Secretary General of the Organisation of the Petroleum Exporting Countries (OPEC), Haitham Al Ghais is eager to partner with Namibia and assist the Southern African nation in…
The Organisation of Petroleum Exporting Countries(OPEC) said Nigeria’s crude oil production month-on-month dropped by 7.94% to 1.322 million barrels per day, bpd in February 2024, from…
The Organisation of Petroleum Exporting Countries (OPEC) disclosed that Nigeria’s oil exports increased by 60.8% in the third quarter of 2023. “Throughout 3Q23, exports witnessed a…
This week, oil prices have experienced a decrease of more than 1%, driven by substantial price cuts from leading exporter Saudi Arabia and an uptick in…