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Dollar index decreases by 1.6% in July – OPEC
The Organisation of the Petroleum Exporting Countries (OPEC) has said the U.S. dollar index decreased by 1.6 per cent month-on-month…
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Non-OPEC oil supply to expand by 1.5mb/d in 2023 – OPEC
The Organisation of the Petroleum Exporting Countries (OPEC) says, its Non-OPEC oil supply is expected to expand by 1.5 million…
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Nigeria, other OPEC members agree to cut oil production volumes
Nigeria and other members of the Oganisation of Petroleum Exporting Countries (OPEC) as well as the Non-OPEC members have agreed…
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Oil prices soar as OPEC+ cut monthly output
Crude oil prices were sharply higher yesterday following weekend’s surprise announcement by OPEC+ members to cut production from May. At…
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Agenda for oil theft special investigative panel
By Kayode Adebiyi Since crude oil was discovered in Oloibiri, in present-day Bayelsa, in 1956, there has been an existential…
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OPEC daily basket price now at $101.04 per barrel
The price of the Organization of the Petroleum Exporting Countries (OPEC) basket of 13 crude oil samples stood at 101.04…
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OPEC daily basket price now at $104.85 per barrel
The price of the Organisation of the Petroleum Exporting Countries (OPEC) basket of 13 crude oil samples stood at 104.85…
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Stable oil market beneficial to all – Sylva
Minister of State for Petroleum Resources, Timipre slyva has said that a stable oil market will benefit all consumers, producers…
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Global oil markets face high risk of oil squeeze, OPEC warns
Global oil markets face a high risk of a supply squeeze this year as demand remains resilient and spare production…
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Nigeria’s crude oil production averaged 1.183m b/d in July – OPEC
The Organisation of the Petroleum Exporting Countries (OPEC) says Nigeria’s crude oil production increased to an average of 1.183 million…
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