OPEC
Despite Beating OPEC Quota, Nigeria Misses H1 Budget Oil Target by 38.4m Barrels
Emmanuel Addeh in Abuja Despite meeting its Organisation of Petroleum Exporting Countries (OPEC), Nigeria fell significantly below its budget crude oil production target in the first half of 2026, leaving
OPEC: Nigeria’s Oil Sector Growth Declined by 19.8% in Q4 2020
Nigeria’s oil and gas industry growth declined by 19.8 per cent in the fourth quarter of 2020 compared with the same period in 2019, according to data from the Organisation
OPEC Raises Forecast on Members’ Crude Supply
The Organisation of Petroleum Exporting Countries (OPEC) on Tuesday lifted its forecast on its members’ crude this year by over 200,000 bpd and now expects demand for its own crude
Nigeria rebalances OPEC quota compliance, cuts output by 7%
By Udeme Akpan NIGERIA has been forced to rebalance its oil output, effecting about 7.0 percent cut back on its oil output to re-align with the quota imposed by the Organisation
OPEC’s compliance with oil production cuts deal 122% in April ― Report
The Organisation of the Petroleum Exporting Countries (OPEC) says its compliance with the OPEC+ oil production cuts deal totalled 122 per cent in April, as production averaged 25.08 million barrels
Oil Market: Bonny Light price hits $65.85 per barrel after OPEC, Non-OPEC meeting
Bonny light By Udeme Akpan Barely 24 hours after the Organisation of Petroleum Exporting Countries, OPEC and Non-OPEC meeting, Tuesday, the price of Nigeria’s Bonny Light has risen to $65.85
Nigeria’s rig count dips by one as OPEC’s increases by one
By Sebastine Obasi There are indications that Nigeria’s oil production has reduced as the country’s rig count, dipped by one in the month of March, having recorded six as against
OPEC Leaves Production Plan Unchanged, Cancels Ministers’ Meeting
The Organisation of Petroleum Exporting Countries (OPEC) and its allies on Tuesday resolved to stick to plans for a phased easing of oil production restrictions from May to July. The
OPEC Raises Oil Demand Growth on Stronger Economic Recovery
The Organisation of Petroleum Exporting Countries (OPEC) has raised its forecast for crude oil demand growth this year on the back of an expected stronger economic recovery. The cartel, in
Oil Market: Non-OPEC supply to grow by 1mb/d in 2021- OPEC
By Udeme Akpan THE Organisation of Petroleum Exporting Countries, OPEC, has predicted that the Non-OPEC oil supply will grow by one million barrels per day, mb/d in 2021. Speaking at
