Organisation of Petroleum Exporting Countries don tok say Angola plus Libya don overtake Nigeria on top crude oil production. For their latest production report, OPEC said Nigeria oil production dropped come nine hundred and seventy-two thousand barrels per day for the month of August this year. This figure de low pass the production wey Nigeria record for…
Nigerian Navy confirm don confirm say Equatorial Guinea forces don arrest one supertanker wey steal crude oil for Nigeria. Naval Director for Information wey be Commodore Adedotun Ayo-Vaughan confirm the arrest for one statement. Ayo-Vaughan tok say this one happen sake of say Gulf of Guinea nations de work together.
The Organisation of Petroleum Exporting Countries, OPEC, and its allies have agreed to retain their production output. The decision by the OPEC Plus group and its allies, including Saudi Arabia and Russia, was reached during a teleconference. The group rejected a push by the United States for a major increase in output in order to push down…
The World Bank has projected an average price of crude oil in 2022 at seventy-four dollars per barrel. The World Bank projection went up by four dollars, from the seventy dollars averaged of 2021, which it said is based on the strengthening of oil demands. The report also states that natural gas and coal prices are expected…
Crude oil production in Nigeria has increased by about two-point-six million barrels in the month of November this year. The Organisation of Petroleum Exporting Countries announced that Nigeria’s crude oil production rose by eighty-five thousand barrels to one million, four hundred and twenty-thousand barrels per day. The figure is against one million, three hundred and thirty-five thousand…
The Organisation of the Petroleum Exporting Countries says crude oil prices dropped by 2.1 percent in November 2021. OPEC in its Oil Market Report for December 2021, disclosed that crude oil spot declined in November following concerns regarding the emergence of the new Omicron COVID-19 variant. The report also disclosed that crude oil futures prices ended November…