Tag: OPEC

The United Arab Emirates has announced its withdrawal from both OPEC and OPEC+. The decision, effective May 1, 2026, was ...

Nigeria could raise its crude oil production by an additional 100,000 barrels per day in the coming months, according to ...

Goldman Sachs has raised its forecast for Brent crude, projecting that prices will average $60 per barrel in the fourth ...

Nigeria and Angola have formalised a bilateral agreement to waive visa requirements for holders of diplomatic and official passports, a ...

Nigeria has failed to meet its assigned oil production quota for the sixth consecutive month, according to the latest data ...

Oando PLC has issued a strategic wake-up call to the Nigerian energy sector, asserting that the nation’s ambitious goal of ...

Nigeria’s foreign exchange reserves have climbed to US$46.7 billion, their highest level in seven years, giving the country its strongest ...

Nigeria generated an estimated N55.5 trillion from crude oil sales in 2025, supported largely by favourable oil prices, even as ...

Nigeria’s crude oil production has recorded another decline, reinforcing concerns about short-term supply challenges even as projections for medium-term recovery ...

Nigeria’s crude oil production increased marginally to 1.401 million barrels per day (bpd) in October, according to the latest Monthly ...