• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Wednesday, July 2, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

JUST-IN: OPEC+ Agrees To 216,000 bpd Output Increase Amid Russian Ban

by Nse Anthony - Uko
3 years ago
in Business
OPEC+
Share on WhatsAppShare on FacebookShare on XTelegram

The Organisation of Petroleum Exporting Countries and its allies known as OPEC+ have agreed to ramp up global oil supply, yielding to western pressures to pump more oil.

Advertisement

The decision was made at the 29th OPEC and non-OPEC ministerial meeting held on Thursday.

The move aims to offset Russian output losses to ease surging oil prices and inflation and smooth the way for an ice-breaking visit to Riyadh by U.S. President Joe Biden.

The group decided to add 648,000 bpd of oil to the market in July and August – up by 216,000 bpd – from 432,000 bpd in recent months.

The decision comes as some OPEC members reportedly nudged the alliance to exempt Russia from its oil output targets, paving way for major oil producers like Saudi Arabia and the United Arab Emirates to pump more oil.

RELATED

Large-cap Stock Drives Local Bourse To N180bn Gains

Equities Extend Losing Streak As Capitalization Drops By N150bn

1 hour ago
Seplat Energy Appoints Ezugworie COO

Seplat Energy Drives Media Entrepreneurship, Empowers 50 Journalists

1 hour ago

We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


Tags: OPEC+
SendShareTweetShare
Previous Post

We’ll Continue To Defend Interests Of All Law-abiding Nigerians Abroad – Buhari 

Next Post

2023 Census: NPC To Map Out Special Populations For Coverage

Nse Anthony - Uko

Nse Anthony - Uko

You May Like

Large-cap Stock Drives Local Bourse To N180bn Gains
Business

Equities Extend Losing Streak As Capitalization Drops By N150bn

2025/07/02
Seplat Energy Appoints Ezugworie COO
Business

Seplat Energy Drives Media Entrepreneurship, Empowers 50 Journalists

2025/07/02
Dangote’s 650,000bpd Refinery 97% Completed – NMDPRA
Business

Stakeholders Gear Up For Inaugural Gas Safety Conference To Secure Growing Sector

2025/07/02
C&I Leasing Posts Net Profit Of N1.6bn In 2024
Business

C&I Leasing Posts Net Profit Of N1.6bn In 2024

2025/07/02
Mobile Phone Subscribers Shrink 30% As SIM-NIN Policy Takes Effect
Business

SIM Swap, Registration Temporarily Halted As Telcos Migrate To New NIMC System

2025/07/02
Tonya Lawani Joins Dangote Group’s NASCON Board As Independent Director
Business

Tonya Lawani Joins Dangote Group’s NASCON Board As Independent Director

2025/07/01
Leadership Conference advertisement

LATEST

Benue Crisis And The Aftermath Of Tinubu’s Visit

Equities Extend Losing Streak As Capitalization Drops By N150bn

Seplat Energy Drives Media Entrepreneurship, Empowers 50 Journalists

Stakeholders Gear Up For Inaugural Gas Safety Conference To Secure Growing Sector

C&I Leasing Posts Net Profit Of N1.6bn In 2024

ALTON Announces Disruption In SIM Services Amid NIMC Platform Switch

Dantata Laid To Rest In Madinah, Dangote, Others Bid Farewell

The Political Economy Of Tax Reform

River Basin Allocates N9bn For Niger In 2025 Plan

Africa Unites Against Colonial Legacy As Senate Hosts Diplomatic Forum

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.