Libya Overtakes Nigeria As Africa’s Top Oil Producer
Libya overtook Nigeria to emerge top African crude oil producer for the month of March, data from the Organisation of ...
Tag: OPEC+
Global Oil Industry Investment Needs $11trn By 2045 – OPEC
The Organisation of Petroleum Exporting Countries (OPEC), has projected that the oil industry will need cumulative investments of $11.1 trillion ...
Global Oil Demand To Rise By 1.3mbpd In 2024 –IEA
The International Energy Agency(IEA) has reviewed its oil demand growth projections, disclosing a rise of about 1.3 million barrels a ...
Nigeria Produced 1.47mbpd In February – OPEC
The Organisation of Petroleum Exporting Countries(OPEC) has revealed that Nigeria produced about 1.476 million barrels daily in February as the ...
Nigeria’s Economy Still Mono-product As Crude Oil Dominates 81% Exports
Despite converted efforts to diversify Nigeria's economy, the country remains heavily reliant on crude oil, with over 80 per cent ...
OPEC To NNPC: Grow Oil Output To Tap From $14trn Global Investment Drive
The Organization of the Petroleum Exporting Countries (OPEC) has urged the Nigerian National Petroleum Company (NNPC) Limited to increase oil ...
OPEC May Review Supply Curbs In March
The Organisation of Petroleum Exporting Countries(OPEC)+ nations may likely take a stand in early March on whether to extend oil ...
OPEC Releases $1.7bn For Energy Projects In Africa, Others
A Nigerian solar plant and an Azerbaijan wind farm were among the 55 projects that received financing worth $1.7 billion ...
OPEC To Review Oil Cut Policy By March
A committee of the Organisation of Petroleum Exporting Countries (OPEC+) ministers has proposed no changes to the group’s oil output ...
Nigeria Boosts Oil Production Output As OPEC’s Remain Steady — Report
The Organization of Petroleum Exporting Countries (OPEC) maintained a consistent crude oil production in December 2023, averaging 28.05 million barrels ...