Despite the easing of both the COVID-19 restrictions and the output cuts by the Organisation of Petroleum Exporting Countries (OPEC), Nigeria produced less crude oil and condensates in the first

The United States Government on Saturday said that it  had “tools” to deal with high oil prices after the Organisation of Petroleum Exporting Countries (OPEC) and its allies rebuffed the country’s

Oil prices continued to climb on Tuesday, hitting their highest levels in years and extending gains. Apparently, the rally was triggered after the world’s major oil producers represented by the

  Oil output of members of the Organisation of Petroleum Exporting Countries (OPEC) rose in September to its highest since April 2020, as Nigeria’s production also recovered from involuntary losses.

The Organisation of Petroleum Exporting Countries (OPEC) lost over $240 billion last year,  following the collapse in demand and prices due to the Covid-19 pandemic, the cartel’s Annual Statistical Bulletin

The Organisation of Petroleum Exporting Countries (OPEC) on Monday expanded its global oil demand forecast for 2022 by almost one million barrels per day (bpd), to 100.83 million bpd. This

After over a two-week stalemate, the Organisation of Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+ on Sunday resolved to gradually add more inventory to the oil market,

The Organisation of Petroleum Exporting Countries (OPEC) has moved to sort out its impasse with the United Arab Emirates (UAE), with a compromise deal being hammered out that could allow

The Nigerian government on Monday pledged its renewed commitment to full compliance with the country’s crude oil production quota, which it pegged at 1.554 million barrels per day in June.

New Saudi import rules, disagreements over how to unwind OPEC production cuts and a race to claim the mantle of the region’s business centre have all strained the UAE-Saudi relationship.

The Organisation of Petroleum Exporting Countries (OPEC) on Thursday failed to agree on whether or not to keep crude oil output at current levels or open the taps for a

Oil prices edged higher on Thursday, supported by lower U.S. inventories, as investors waited for a decision from key producers on whether they would maintain or reduce supply cuts in

Nigeria’s crude oil production output hit record low levels in May, the June Monthly Oil Market Report (MOMR) of the Organisation of Petroleum Exporting Countries (OPEC), has shown. The monthly

Crude oil prices Tuesday climbed to the highest point in more than two-and-a-half years, after the Organisation of Petroleum Exporting Countries (OPEC) and its allies known as OPEC+ forecast a

Oil production output by the Organisation of Petroleum Exporting Countries (OPEC) rose in May as the group agreed to ease supply curbs under a pact with allies, but was dampened

Nigeria’s oil and gas industry growth declined by 19.8 per cent in the fourth quarter of 2020 compared with the same period in 2019, according to data from the Organisation

The Organisation of Petroleum Exporting Countries (OPEC) on Tuesday lifted its forecast on its members’ crude this year by over 200,000 bpd and now expects demand for its own crude

The Organisation of Petroleum Exporting Countries (OPEC) and its allies on Tuesday resolved to stick to plans for a phased easing of oil production restrictions from May to July. The

The Organisation of Petroleum Exporting Countries (OPEC) has raised its forecast for crude oil demand growth this year on the back of an expected stronger economic recovery. The cartel, in

Saudi Arabia is prepared to support extending oil cuts by OPEC and allies into May and June and is also ready to extend its own voluntary cuts to boost oil