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…

2 months ago

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…

3 months ago

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…

5 months ago

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…

10 months ago

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…

10 months ago

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)…

1 year ago

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…

1 year ago

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…

2 years ago

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…

2 years ago

OPEC: Nigeria lost 2.3m barrels of crude oil worth N101bn in July

The Organisation of Petroleum Exporting Countries (OPEC), on Thursday, revealed that Nigeria lost 2.3 million barrels in July 2022. OPEC…

2 years ago

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