OPEC – Page 2 of 5 – Prime Business Africa

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

OPEC Sees Oil Output Rise In May As Nigeria, Iraq Lead Increase- Report

OPEC’s oil production saw a notable increase in May 2024, driven by higher exports from Nigeria and Iraq. According to a Reuters survey released on Tuesday, the Organisation of the Petroleum Exporting

Emmanuel Ochayi

June 5, 2024

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

Business·Markets·News·Oil & Gas

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

April 3, 2024

Nigeria Needs Improved Security, Investment To Achieve Over 2 mbpd Crude Oil Production – Report

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

February 15, 2024

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

February 7, 2024

News·World News

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

February 2, 2024

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

January 18, 2024

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

January 8, 2024

News

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

January 8, 2024

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

December 28, 2023

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

Business·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

December 25, 2023

Cookie	Duration	Description
cookielawinfo-checbox-analytics	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional	11 months	The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-necessary	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy	11 months	The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.

OPEC - Page 2

OPEC Sees Oil Output Rise In May As Nigeria, Iraq Lead Increase- Report

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

Featured Stories

Naira vs Dollar: What To Expect This Week (31st March – 5th April 2025)

What’s Next, As The Dust Settles On Rivers’ Emergency Rule?

Fuel Subsidy: World Bank Must Allow Africa’s Poor Breathe [Editorial]

How Nigerian Govt’s Proposed Solar Panels Import Ban Threatens Renewable Energy Projects

Latest News

Supreme Court Removes LP National Chairman, Abure, From Office

Genevieve Blasts, Delivers Violent Prayer For Social Media Troll

South Korea’s Top Court Removes President Yoon Over Martial Law Crisis

EPL Title Race: Chelsea Reclaims Fourth Position After Slim Win

APC Campaign Council

Categories

Suggestions

OPEC - Page 2

Follow Us

Featured Stories

Latest News

APC Campaign Council

Categories