Saudi Arabia, Russia lead OPEC in extending oil cuts
The OPEC+ nations, led by Russia and Saudi Arabia, have agreed to…
FG’s 1,068 oil projects to generate $22.8bn investments
By Melvin Onwubuke The Federal Government has announced that 1,068 oil…
Nigeria, Iran drive OPEC’s oil production increase in September
A Reuters survey has revealed that oil production output from the Organisation of…
Nigeria’s refining output falls to 6,000 b/d – OPEC
Data from the Organisation of the Petroleum Exporting Countries shows that Nigeria's…
Brent crude hits $80.41 per barrel, highest since May 2023
Brent crude has reached a price of over $80.41 per barrel for…
Nigeria ousts Angola as Africa’s top oil-producing country – OPEC
Nigeria is now Africa's top oil producer, surpassing Angola, whose output was…
Oil prices surge as OPEC+ cuts output
The Organisation of Petroleum Exporting Countries has announced a surprise decision to…
Sales of crude oil increase by 46% to N21tn – NBS
Nigeria's exports of crude oil increased by 46.41 percent in 2022, bringing…
FG discovers new locations for oil production of 681,000 bpd
The Federal Government has discovered new oil fields with a daily production…
OPEC to reconsider output as China oil demand surges – IEA
The executive director of the International Energy Agency, Fatih Birol said on…
FG targets OPEC oil quota in 2023
The Minister of State Petroleum Resources Chief Timipre Sylva has…
