Weak Crude Demand: OPEC To Weigh Deeper Production Cut In December
Upcoming meeting of the Organisation of Petroleum Exporting Countries and its allies (OPEC+) may witness a drastic policy shift with ...
Tag: OPEC+
Minister Faults OPEC Data, Insists Nigeria Produces 1.7m Barrels Of Oil Daily
Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has insisted that the country produced 1.7 million barrels of crude ...
OPEC’s Ministerial Group May Not Review Policy On Production Cut
Joint Ministerial Monitoring Committee (JMMC) of the Organization of Petroleum Exporting Countries(OPEC+) panel monitoring the oil market, is not likely ...
OPEC Forecasts Global Oil Demand Rise In H2
The Organization of Petroleum Exporting Countries, OPEC, has maintained forecasts for strengthening oil demand in the second half of the ...
IEA Warns Of Oil Glut As Non-OPEC Supply Surge
By the end of the decade, the oil market’s spare capacity is projected to reach levels previously seen only during ...
Nigeria’s Improved Crude Export Raises OPEC May Output
The Organization of Petroleum Exporting Countries, OPEC oil output rose in May supported by increased export from Nigeria. Data published ...
OPEC Extends Nigeria’s 1.5 Million Daily Crude Production Quota
The Organization of Petroleum Exporting Countries, OPEC+ extended its production cuts as it seeks to bolster a fragile market, but ...
Nigeria Recommits To OPEC+ Agreements On Production Quotas
Nigeria has reaffirmed its commitment to adhering to the production adjustments set by OPEC+ for 2024 in line with the ...
OPEC Forecasts 2.25mbpd Oil Demand In 2024
The Organisation of Petroleum Exporting Countries(OPEC), has again expressed optimism on robust oil market growth. In its Monthly Oil Market ...
Nigeria Suffers Large Drop As OPEC’s April Output Down By 440,000bpd
Crude production output by the Organisation of Petroleum Exporting Countries(OPEC), in the month of April, fell by 440,000 barrels a ...
