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Tag: organisation of petroleum exporting countries

Audi: Some NSCDC Officials Colluding To Vandalise Oil Pipeline

Commandant General of the Nigeria Security and Civil Defence Corps (NSCDC), Dr. Ahmed Audi
The Commandant General of the Nigeria Security and Civil Defence Corps (NSCDC), Dr. Ahmed Audi, has lamented that some of his men were colluding with some criminal elements to vandaliseRead More

With Massive Oil Windfall, Saudi Arabia Pours $7.5bn Into US Stocks

Organisation of the Petroleum Exporting Countries (OPEC)
A top member of the Organisation of Petroleum Exporting Countries (OPEC) Saudi Arabia, has through its Sovereign Wealth Fund (SWF) invested $7.5 billion in blue-chip American companies on the backRead More

Nigeria’s Production Quota Hits 1.8m bpd As OPEC Ups July Crude Allocation

Organisation of the Petroleum Exporting Countries (OPEC)
Total country’s drilling deficit crosses 400,000bpd With 26% share of Nigeria’s gas export, Kyari says Spain remains major market DHQ: Troops destroyed 40 illegal refineries in Niger Delta For theRead More

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

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

Kyari: Nigeria’s Economy No Longer Dependent On Oil Revenues

NNPC Group Managing Director, Mallam Mele Kyari
Says country not ready for electric vehicles Barkindo insists oil to remain relevant in foreseeable future The Group Managing Director of the Nigerian National Petroleum Company (NNPC) Limited, Mallam MeleRead More

FG Rejects Two Cargoes Of Adulterated Petrol Imported From Belgium

Organisation of the Petroleum Exporting Countries (OPEC)
STI SYMPHONY makes U-turn off coast of Guinea OPEC’s production drops by 700,000bpd Following the circulation of adulterated petrol in Nigeria, which damaged vehicle engines last week, the federal governmentRead More

Oil Prices Bullish As 2022 Market Outlook Remains Positive

Crude oil
Kuwaiti’s Al-Ghais appointed to succeed Barkindo as OPEC’s secretary-general Oil prices remained bullish yesterday rising above $79 per barrel, spurred mainly by tight supply and hopes that demand would furtherRead More

With Rising Theft, Nigeria Records 193m Barrels Of Crude Oil Deficit In 11 Months

Crude oil
Produces 441m barrels of projected 635m crude Only 12 of country’s 53 oil rigs active At a projected 1.86 million barrels daily oil production in the country’s 2021 budget, NigeriaRead More

OPEC+ Misses Oil Supply Target As Over-compliance Hits 117% In November

Organisation of the Petroleum Exporting Countries (OPEC)
Compliance with oil production cuts by the Organisation of Petroleum Exporting Countries (OPEC) and its allies known as OPEC+ stood at 117 per cent in November, up from 116 perRead More