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…
Browsing: OPEC
After many months of poor output, Nigeria, last month, ramped up production, albeit marginally, by 171,000 barrels according to the Organisation of the Petroleum Exporting Countries…
In 2023, Gabriel Mbaga Obiang Lima, the Minister of Mines and Hydrocarbons of Equatorial Guinea, would assume the job of President of the Organisation of Petroleum…
Nigeria has lost at least 120 million barrels of crude oil from January and September this year amidst revenue crisis. The level of crude oil loss…
The Organization of Petroleum Exporting Countries, OPEC, and its allies (OPEC+) have increased Nigeria’s crude oil output quota to 1.830 million barrels per day, mb/d, taking…
The South African government has said that that starting from this Wednesday, fuel prices at the pump would be reduced. This was said in a statement…
Muhammad Sanusi Barkindo, the Secretary-Seneral of the Organisation of Petroleum Exporting Countries (OPEC), has passed away. 63 year old Barkindo died at about 11p.m on Tuesday.…
President of Malawi, Lazarus Chakwera will not be attending the Commonwealth leaders meeting this month. Malawi stands to save $261,000 (£216,000) from two cancelled presidential trips…
The Minister of State for Petroleum Resources, Chief Timipre Sylva, attributed Nigeria’s inability to meet the quota requirements of the Organisation of Petroleum Exporting Countries (OPEC)…
As the Russia-Ukraine crisis enters the third week, oil prices have continued to soar amid concerns of another global economic recession. Brent crude price hit $139.13…