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…
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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…
The Organisation of Petroleum Exporting Countries (OPEC) and its allies, led by Russia, are set to hold their first Joint Ministerial Monitoring Committee (JMMC) of the…
The Organisation of the Petroleum Exporting Countries (OPEC) has affirmed its commitment to ongoing cooperation and dialogue within the broader OPEC+ alliance following Angola’s recent decision to…
The Republic of Congo has pledged its commitment to the Organisation of the Petroleum Exporting Countries (OPEC) following the membership withdrawal of neighbor Angola. The statement…
The South African nation of Angola has decided to exit the oil cartel, the Organization of the Petroleum Exporting Countries (OPEC). Angola’s oil minister, Diamantino Azevedo,…
Angola announced on Thursday its decision to withdraw from the Organisation of the Petroleum Exporting Countries (OPEC), citing disagreements over production quotas following the oil cartel’s…
In order to achieve market stability, the Organisation of Petroleum Exporting Countries and its allies, commonly known as OPEC, have reduced Nigeria’s oil output, excluding condensate,…
Exxon Mobil Corp. has declared force majeure on crude oil liftings from various terminals in Nigeria due to an industrial action by the company’s in-house workers…