Tag: OPEC
Oil prices soar after UAE exits OPEC, OPEC+
Oil prices rose more than 3% on Tuesday as stalled efforts to end the Iran war kept the Strait of Hormuz largely closed.
This comes...
OPEC won’t budge on production cuts
OPEC has signalled that it would not change its production policy despite calls from the U.S. president to bring more oil to the market.
“We...
OPEC Fund arranges US$50m syndicated loan facility for SMEs in Paraguay
The OPEC Fund for International Development (the OPEC Fund) (www.OPECFund.org) has arranged a syndicated loan with a US$50 million facility for the benefit of...
OPEC drops U.S. EIA as a secondary source assessing oil production
OPEC has replaced the EIA with Kpler, OilX, and ESAI as secondary sources for assessing crude oil production and compliance with output cuts.
This decision...
OPEC appoints Nigeria’s Adeyemi-Bero as Chairman Board of Governors
The Organisation of the Petroleum Exporting Countries (OPEC) has appointed Mr Ademola Adeyemi-Bero, as Chairman of the OPEC Board of Governors for 2025.
Adeyemi-Bero’s appointment...
OPEC: Why there’s fuel price hike in Nigeria
The Organization of the Petroleum Exporting Countries (OPEC) has disclosed the factors responsible for the recent fuel price hike in Nigeria.
OPEC, in an article...
Nigeria’s oil output rises as OPEC struggles to meet targets
The Organisation of Petroleum Exporting Countries’ oil output fell in August to its lowest since January, a Reuters survey has shown.
The survey released on...
OPEC says Dangote refinery’s diesel, jet fuel supplies to disrupt Europe’s...
●It is a big plus to Nigeria’s economy
The Organisation of Petroleum Exporting Countries, OPEC, has said supplies from Nigeria-based world's largest single-train Dangote Refinery...
Nigeria’s crude oil production drops to 1.25mbpd – OPEC
Nigeria’s average crude oil production in May dropped to 1.25 million barrels per day (bpd) from 1.28 million bpd recorded in April 2024, according...
Nigeria’s crude oil production surges 4.07% to 1.28 mbpd in April
The Organisation of Petroleum Exporting Countries (OPEC) has reported a notable uptick in Nigeria’s average daily crude oil production, reaching 1.28 million barrels per...
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