The Organisation of Petroleum Exporting Countries, OPEC, and non-OPEC Ministerial Monitoring Committee, JMMC, on Friday extended the exemption granted Nigeria over the output cut imposed on member countries...
Nigerian crude for August loading is proving slow to find buyers amid rising supply, Reuters quoting oil trading sources has reported. Reuters said the supply glut...
A monthly report by the Organisation of Oil Producing and Exporting Countries has revealed that the rebound in output from Nigeria and Libya has been responsible...
Following the success of the second joint Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC meetings, the two organisation are presently looking into legalising their new...
Iraq replaced Saudi Arabia as top crude supplier to India in April as refiners moved to boost their processing margins by purchasing the cheaper Basra Heavy...
By Odunewu Segun Following the drop in Nigeria’s total oil production, the International Monetary Fund (IMF) has said that despite relative stability in the price of...
By Odunewu Segun Angola has again overtook Nigeria as Africa’s top oil producer following Nigeria’s oil production decline by 156,000 March, 2017, National Daily has gathered....
Nigeria has regained its top position as Africa’s largest oil producer, pushing Angola who happened to have led the African oil producing countries with its 1.7 million barrels...
OPEC’s crude oil production is expected to grow to 32.41 million bpd this year from 31.76 million bpd in 2015, with higher Iranian output accounting for...
THE Organisation of Petroleum Exporting Countries (OPEC) oil output has risen in June to its highest in recent history, as Nigeria’s oil industry partially recovers from...
