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Tag: oil producers

OPEC: Nigeria Produced 558,000 Barrels Less Oil In April Compared With March

Crude oil
Again, cartel cuts global oil demand growth forecast Again, Nigeria failed to ramp up crude oil production despite all the sloganeering by the various agencies of government, producing 558,000 barrelsRead More

Nigeria’s Oil Under-production Undermines OPEC Projection In April

Organisation of the Petroleum Exporting Countries (OPEC)
NNPC, partners produced 345,000kpd less last month Cartel to stick with supply plan despite growing pressure Nigeria, Libya and a handful of African countries again hobbled the projected oil productionRead More

OPEC+ Resolves To Continue With Gradual 400,000 bpd Oil Output Hikes

Organisation of the Petroleum Exporting Countries (OPEC)
Nigeria’s quota hits 1.753m daily production in May US plans release of 1m barrels per day to lower rising prices The Organisation of Petroleum Exporting Countries (OPEC) again resolved yesterdayRead More

Buhari: Nigeria’s $3bn Share Of Africa’s $75bn FDI Unacceptable

President Muhammadu Buhari
Report: foreign investment flow to Nigeria decreased 48.5% US: OPEC must pump more oil to cut prices President Muhammadu Buhari has said Nigeria’s low share of Foreign Direct Investment (FDI)Read More

OPEC: Nigeria May Be Hard-hit by Declining Investment In Oil Sector

Organisation of the Petroleum Exporting Countries (OPEC)
Urges the FG to diversify economy Cartel calls for deployment of tech to reduce carbon emissions The Organisation of Petroleum Exporting Countries (OPEC) yesterday warned that with declining investments inRead More

At $66, Soaring Oil Price Reinforces Imminent Hike In Petrol Cost

Crude oil
House investigates alleged breach of local content in $2.6bn AKK project The increase in the pump price of petrol has become imminent as Brent crude oil, against which Nigeria’s oilRead More

Buhari Seeks Better Deal From OPEC For Nigeria

President Muhammadu Buhari
President Muhammadu Buhari yesterday urged the Organisation of Petroleum Exporting Countries (OPEC) to consider the burden of Nigeria with a large number of poor people when sharing oil production cuts.Read More