Crude-oil

Nigeria’s oil production crashed by about 14.94 million barrels in the second quarter of this year, data obtained from the latest Monthly Oil Market Report of the Organisation of Petroleum Exporting Countries for June 2022 showed. An…

Global oil alliance OPEC+ on Thursday said it would increase daily output by 648,000 barrels in August. The increment is deemed inadequate to counter rising oil prices but it means OPEC+ is sticking to a plan of moderate increase despite…