Tag: opec
Oil price records over $1 gain after OPEC+ delays output hike
Oil prices extended gains on Monday, November 4, 2024, rising more than $1 on a decision by OPEC+ to delay by a month plans...
OPEC: Why there’s fuel price hike in Nigeria
The Organization of the Petroleum Exporting Countries (OPEC) has disclosed the factors responsible for the recent fuel price hike in Nigeria.
The Star recalls that...
OPEC: Dangote refinery fuel supplies’ll disrupt Europe’s oil industry
The Organisation of Petroleum Exporting Countries (OPEC) says supplies from Dangote Refinery and Petrochemicals in Lagos State will put pressure on the performance of...
Oil prices increase after OPEC+ extends output cuts
Oil prices increased slightly on Monday, March 4, 2024, after OPEC+ members, on Sunday, announced an extension to oil production cuts first announced in...
NNPCL, OPEC pledge collaboration for investments, increased production
The Nigerian National Petroleum Company Limited (NNPCL) and the Organization of Petroleum Exporting Countries (OPEC) have pledged to work together to achieve the nation’s...
Oil prices fall after OPEC+ postpones meeting
International oil prices fell on Wednesday after a key ministerial meeting of the Organization of the Petroleum Exporting Countries (OPEC) and its allies was...
OPEC: Nigeria’s economy grew by 2.4% in Q1
The Organisation of the Petroleum Exporting Countries (OPEC) says Nigeria’s economic growth in the first quarter of 2023 (Q1) stood at 2.4 per cent...
Oil price rises after Saudi Arabia production cut announcement
Oil prices were on the rise on Monday, June 5, following Saudi Arabia’s announcement that it would cut its oil output by one million...
Nigeria loses 28m barrels of crude oil in 6 months
Nigeria lost over 28 million barrels of crude oil between January and July 2022 which reduced the Federal Government’s oil and gas revenue target.
The...
OPEC: Nigeria lost 2.3m barrels of crude oil worth N101bn in...
The Organisation of Petroleum Exporting Countries (OPEC), on Thursday, revealed that Nigeria lost 2.3 million barrels in July 2022.
OPEC made the disclosure via its...
