OPEC+ Extends Oil Production Cuts Through December to Bolster Prices
Eight OPEC+ oil-producing nations, led by Saudi Arabia and Russia, announced on Sunday an extension of supply cuts until the […]
opec
Dangote’s Fuel Subsidy Removal Plan Sparks Debate
Nigeria’s Fuel Subsidy Debate: Aliko Dangote’s Call for Removal Sparks Controversy Aliko Dangote, the billionaire owner of the 650,000 barrels
Nigeria’s Oil Production Fails to Meet Expectations
New Crisis Emerges as OPEC Reports Nigeria’s Oil Output Falls Short of Claimed 1.6million Barrels per Day Nigeria’s oil industry
African Business News
Nigeria’s July Crude Oil Production Hits 1.307 Million Barrels Daily Despite Challenges
Nigeria’s Crude Oil Production Sees Slight Uptick in July Nigeria’s crude oil production has experienced a modest increase in July,
Tinubu Directs Security Agencies to Boost Oil Production to 2.1m Barrels per Day
Nigerian President Tinubu Directs Security Agencies to Boost Oil Production to 2.1 Million Barrels per Day In a bid to
OPEC Projects Global Oil Demand to Reach 116 Million Barrels Per Day by 2045
The Organisation of the Petroleum Exporting Countries (OPEC) forecasts that global oil demand will rise to an estimated 116 million
Nigeria’s May Crude Oil Production Declines to 1.25 Million bpd: OPEC
Nigeria’s average crude oil production in May dropped to 1.25 million barrels per day (bpd) from 1.28 million bpd recorded
Libya Overtakes Nigeria as Top African Oil Producer in March OPEC Report
In a surprising turn of events, Libya has overtaken Nigeria as the largest producer of crude oil in Africa, as
Nigeria’s Bonny Light Crude Oil Surges to $87.86 Amid Middle East Tensions
Nigeria’s Bonny Light crude oil prices have seen a significant increase, reaching $87.86 per barrel in March 2024, up from
Nigeria’s Crude Oil Production Drops to 1.32mbpd in February 2024, Impacting Budget Implementation
Nigeria, known for its significant crude oil production, experienced a decline in output for the second consecutive month in February