OPEC – Page 2 of 5 – Prime Business Africa

Nigeria's Crude Oil Production Decline Costs Country N720bn In Revenue In 2 Months

Nigerian Crude Oil Trades At $92 Per Barrel, $14 Higher Than FG Budget Benchmark Amid Global Supply Concerns

Nigerian crude oil continues to hold its premium status in the global market, trading higher than the Federal Government’s budget benchmark as investors remain wary of supply disruptions. With recent attacks on

Emmanuel Ochayi

8 months ago

Naira-for-Crude sales Commenced October 1 – Nigerian Govt

Business·Oil & Gas

How Nigeria’s Crude Oil Production Slips To 1.419mbpd – OPEC

Nigeria experienced a slight dip in its crude oil production, falling to 1.42 million barrels per day (mbpd), as reported by the Organisation of Petroleum Exporting Countries (OPEC) for January 2024.

Emmanuel Ochayi

9 months ago

Saudi Arabia Issues Warning Of $50 Oil Price If OPEC+ Nations Fail To Comply

Business·Oil & Gas

Why Global Oil Market Needs $14trn Investment – OPEC

In a paradigm-shifting address at India Energy Week, OPEC’s Secretary General Haitham al-Ghais illuminated the pressing need for $14 trillion investment in the global oil market over the next two decades. His

Victor Ezeja

10 months ago

Israel-Hamas: Ceasefire Rumors, Refinery Outage Trigger 2% Drop In Oil Prices

Oil prices experienced a 2% decline on Thursday, attributed to unverified reports of a possible ceasefire between Israel and Hamas, alongside a major U.S. refinery shutting down due to a power outage.

Emmanuel Ochayi

10 months ago

Business·Oil & Gas

OPEC: Nigeria’s Crude Oil Production Soars To 1.4mbpd

Nigeria's crude oil production witnessed a rise to 1.418 mbpd in December 2023, marking an increase from November's 1.319 mbpd, as reported by the Organisation of the Petroleum Exporting Countries (OPEC).

Emmanuel Ochayi

10 months ago

Business·Oil & Gas

Nigeria Mitigates OPEC Shortfall, Amidst UAE, Angola Oil Cuts

Last month, Nigeria emerged as a beacon of stability in the tumultuous world of oil production. As the UAE and Angola curtailed their outputs, Nigeria surged forward

Emmanuel Ochayi

11 months ago

Amid Struggles To Meet OPEC Oil Production Quota, Nigeria Ranks 22nd In Global Petrol Price Index

A report unveiling disparities in global gasoline prices, showcases Nigeria ranking 22nd in the list of countries with the cheapest petrol globally. According to the ‘Global Petrol Prices, Octane-95, January 1, 2024′

Emmanuel Ochayi

11 months ago

Nigeria’s Oil Production Declines By 33,000 Barrels As OPEC Reports Setback In September

Business·Oil & Gas

OPEC Predicts High Oil Demand In 2024

OPEC outlined roles for economic growth in 2024, expecting a surge in global oil demand by 2.2 million barrels per day (mb/d) year-on-year (y-o-y).

Emmanuel Ochayi

11 months ago

NNPC: Oil Production To Increase To 1.7mbpd Amid Infrastructure Challenges

Business·Latest News·Oil & Gas

Nigeria Faces N289.6bn Oil Revenue Dip In November; Minister Stresses Production Goals, OPEC Commitment

In a disclosure by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Nigeria experienced a significant setback in crude oil production, leading to a loss of about N289.6 billion in revenue for November 2023.

Emmanuel Ochayi

11 months ago

Nigeria Reaffirms OPEC Commitment Amid Angola's Exit, Aims To Exceed Production Targets

Africa·Business·Latest News·Oil & Gas

Nigeria Reaffirms Commitment To OPEC, Aims To Exceed Production Targets Amid Angola’s Exit

Following Angola’s withdrawal from the Organisation of Petroleum Exporting Countries (OPEC), Nigeria has reiterated its allegiance to OPEC while vowing to surpass production targets set by the organisation in 2024. Addressing concerns

Emmanuel Ochayi

11 months ago

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OPEC - Page 2

Nigerian Crude Oil Trades At $92 Per Barrel, $14 Higher Than FG Budget Benchmark Amid Global Supply Concerns

How Nigeria’s Crude Oil Production Slips To 1.419mbpd – OPEC

Why Global Oil Market Needs $14trn Investment – OPEC

Israel-Hamas: Ceasefire Rumors, Refinery Outage Trigger 2% Drop In Oil Prices

OPEC: Nigeria’s Crude Oil Production Soars To 1.4mbpd

Nigeria Mitigates OPEC Shortfall, Amidst UAE, Angola Oil Cuts

Amid Struggles To Meet OPEC Oil Production Quota, Nigeria Ranks 22nd In Global Petrol Price Index

OPEC Predicts High Oil Demand In 2024

Nigeria Faces N289.6bn Oil Revenue Dip In November; Minister Stresses Production Goals, OPEC Commitment

Nigeria Reaffirms Commitment To OPEC, Aims To Exceed Production Targets Amid Angola’s Exit

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