Nigeria’s oil output rises to 1.573m bpd as OPEC production increases
Nigeria’s crude oil production, excluding condensates, increased by 35,000 barrels per day (bpd) to 1.573 million bpd in August…
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OPEC
OPEC+ agrees to raise oil output by 188,000 bpd from July
The Organization of Petroleum Exporting Countries (OPEC) and its allies have agreed to increase oil production by 188,000 barrels…
Nigeria falls short of OPEC oil production quota again
Nigeria has once again failed to meet the 1.5 million barrels per day crude oil production quota approved by the Organisation of…
UAE quits OPEC, OPEC+, member countries reduced to 11
The United Arab Emirates (UAE) says it is quitting the Organization of the Petroleum Exporting Countries (OPEC) after nearly 60…
OPEC hails Nigeria’s Non-Oil Growth in 2025
The Organisation of Petroleum Exporting Countries (OPEC) has acknowledged that Nigeria’s non-oil sector significantly supported…
Nigeria misses OPEC production quota for fifth consecutive month as output…
Nigeria failed to meet its assigned production target for the fifth consecutive time in December 2025, according to the…
OPEC+ maintains Nigeria’s crude quota at 1.5mbpd through December 2026
The Organisation of the Petroleum Exporting Countries (OPEC) and its cuts partners, including Russia, have upheld Nigeria’s crude…
Oil prices decline as OPEC+ pauses output hikes amid oversupply concerns
Oil prices dropped on Tuesday after the Organization of the Petroleum Exporting Countries and its allies, OPEC+, decided to halt…
OPEC+ to pause oil output increase in early 2026 amid demand slowdown
The Organisation of the Petroleum Exporting Countries and its allies (OPEC+) has announced it will halt oil output increases…
OPEC+ to raise oil output by 137,000 bpd from November
The Organization of the Petroleum Exporting Countries and its allies (OPEC+) have announced plans to raise oil production by…