Business

DisCos back power supply to Togo amid domestic

  • 23rd March 2026

Oil Prices fall as Trump pauses strikes on

  • 23rd March 2026

Middle Eastern war severely damages 40+ energy facilities

  • 23rd March 2026

Japan urges calm as toilet paper panic buying

  • 23rd March 2026

Contact Info

Some Populer Post

Farmers accessed ₦3.4trn credit in 2025 – FG

Agribusiness

DisCos back power supply to Togo amid domestic shortages

Business

Oil Prices fall as Trump pauses strikes on Iran

Business

Trump orders five-day ceasefire on Iran energy sites amid

News

Tag: OPEC

Oil production: Angola, Libya overtake Nigeria, says OPEC
featured

OPEC quota missed again as Nigeria’s February oil production falls

Nigeria’s crude oil output fell to 1.31 million barrels per day in February, as local refineries continued to struggle with insufficient domestic crude supplies to sustain operations. The decline underscores Nigeria’s inability to meet its OPEC-approved production quota of 1.5 million barrels per day, with output dropping sharply in February 2026. According to the latest […]

featured Oil and Gas

OPEC+ to boost oil output by 206,000 bpd in April

OPEC+ decided on Sunday to increase oil production by 206,000 barrels per day starting in April. The decision came from the Organisation of the Petroleum Exporting Countries and its allies, collectively known as OPEC+. The announcement followed a virtual meeting of member countries, including Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, […]

Business

OPEC+ maintains plans to stop output hikes in 2026

Saudi Arabia and its OPEC+ allies have confirmed they will maintain their current oil output levels for the next three months. The decision, finalized in meetings on Sunday, is a response to signs of a growing surplus and expectations of weaker seasonal demand, according to Bloomberg. OPEC+ also approved a framework for reviewing each member’s […]

Oil and Gas

OPEC+ to ratify 2026 production pause in Sunday meeting

Delegates report that OPEC+ is expected to formally ratify its existing plan to pause oil production increases in early 2026 during its online meeting this Sunday. The gathering is anticipated to be straightforward, simply confirming the policy agreed upon earlier this month. Saudi Arabia and its partners chose to pause their series of production hikes […]

featured

Nigeria to push for higher OPEC oil quota – Minister

The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, announced that Nigeria will seek an increased oil production quota at the upcoming Organisation of Petroleum Exporting Countries meeting in November. Speaking on Tuesday in Abuja during an interview with the media team of the Nigerian Upstream Petroleum Regulatory Commission, Lokpobiri reviewed the nation’s […]

OPEC+ lacks capacity to raise oil prices, says expert
featured Oil and Gas

OPEC+ supply increase plans crash oil prices globally

The global oil market is currently experiencing shock from an anticipated supply hike by the Organisation of Petroleum Exporting Countries, leading to oil prices edging lower on Thursday for the fourth consecutive day. Brent crude hit its lowest price since early June due to mounting concerns about oversupply in the market. Three sources familiar with […]

Oil and Gas

OPEC+ to increase oil output by 137,000 barrels daily

The Organisation of the Petroleum Exporting Countries and its allies, a group known as OPEC+, has decided to ramp up oil output by 137,000 barrels per day in October. OPEC made the announcement in a statement on its website after a virtual meeting with members. The participating countries, including Saudi Arabia, Russia, Iraq, the United […]

OPEC+ lacks capacity to raise oil prices, says expert
Business

OPEC+ to raise oil output by 547,000bpd in September

OPEC+ announced on Sunday that it will increase oil production by 547,000 barrels per day in September, accelerating its efforts to reclaim global market share amid growing fears of supply disruptions linked to Russia. The decision represents a complete and early rollback of the alliance’s largest production cuts, along with an additional output boost for […]

Oil and Gas

Oil prices fall amid OPEC+ output hike hopes

Oil prices declined 1 per cent on Monday, driven by reduced geopolitical tensions in the Middle East and expectations of increased OPEC+ production in August. Brent crude futures dropped 66 cents, or 0.97 per cent, to $67.11 per barrel with the August contract nearing expiry. The September contract fell 83 cents to $65.97. U.S. West […]

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Email Us: [email protected]

ambusinessng @2025. All Rights Reserved.

Facebook-f Pinterest-p Youtube Instagram Linkedin-in