OPEC

Written by: Comrade Victor Ojei popularly called Wong Box. Feel free to WhatsApp or text 08038785262 Introduction: Nigeria, a country blessed with vast oil and gas reserves, holds a unique position in the world as the only…

Nigeria has reclaimed its position, as Africa’s largest oil producer, by overtaking Angola, data from the Organisation of Petroleum Exporting Countries (OPEC) has shown. Angola had overtaken Nigeria to emerge top African crude…

After an unexpected dip in the month of April, Nigeria’s oil production grew by 14.4 percent in May to average 1.43 million barrels per day, latest figures from the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, have shown.…

Article summary • Saudi Aramco has displaced Microsoft to become the second-largest company in the world, with a market value of $2.11 trillion. • Its profits for 2022 exceeded those of Apple, Microsoft, and…

Nigeria now ranks seventh on Organisation of the Petroleum Exporting Countries’ crude oil production list, according to the organisation’s Monthly Oil Market Report for November, which examined oil production performance in October.…

The Archbishop of the Metropolitan and Primate of the Church of Nigeria Anglican Communion, Henry Ndukuba, has urged President Muhammadu Buhari’s regime to find a lasting solution to the fuel crisis in the country, stressing that corruption…

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…

It is with immense sorrow and sadness that the OPEC Secretariat learnt of the passing of the OPEC Secretary General, His Excellency, Mohammad Sanusi Barkindo, in his home country of Nigeria. He was the much-loved leader of the OPEC…

The Secretary-General of the Organisation of Petroleum Exporting Countries, Muhammad Barkindo, is dead. Barkindo died late Tuesday. The Group Managing Director of the Nigeria National Petroleum Corporation, Mele Kyari, announced…

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…