OPEC Trims Oil Demand Forecast as Tariffs and Market Volatility Weigh on Global Outlook
The Organization of the Petroleum Exporting Countries (OPEC) has slightly revised its oil demand forecast downward for 2025, citing rising ...
Tag: OPEC
Elumelu Pushes for Higher Oil Production to Boost Nigeria’s Economy
The Chairman of Heirs Holdings, Tony Elumelu, has called for increased oil production to finance Nigeria’s economic diversification and development. ...
Dangote Begins Fuel Export to Saudi Arabia, Pushes Capacity to 550,000bpd
The Dangote Petroleum Refinery has exported two cargoes of jet fuel—approximately 130 million litres—to Saudi Arabia, marking a significant milestone ...
Oil Prices Drop as Crude Falls Below $80 Per Barrel
Oil prices fell on Monday, January 27, 2025, following U.S. President Donald Trump’s call for the Organisation of Petroleum ...
Dangote Refinery Petrol Production Affecting European Markets – OPEC
The Organisation of the Petroleum Exporting Countries (OPEC) has highlighted the significant impact of Nigeria’s Dangote Petroleum Refinery on global ...
Oil Prices Drop Ahead of OPEC+ Meeting on Production Cuts
Oil prices declined by nearly 2% on Wednesday as the market awaited decisions from the Organisation of the Petroleum Exporting ...
Oil Prices Drop 2% as OPEC Lowers Demand Forecast for 2024
Oil prices fell by 2% on Monday after the Organisation of the Petroleum Exporting Countries (OPEC) revised its global oil ...
OPEC Maintains Oil Production in December 2023 as Nigeria Boosts Output by extra 50,000 bpd
A Bloomberg survey confirmed OPEC's stable crude oil production in December 2023, with an average of 28.05 million bpd. Notably, ...
Nigeria’s Crude Oil Exports Generate $11 Billion in First Five Months of 2023
Abuja, Nigeria - Nigeria has earned a significant revenue of $11 billion from its crude oil exports in the first ...
OPEC to receive New Leadership in 2023
The Minister of Mines and Hydrocarbons of Equatorial Guinea, Gabriel Mbaga Obiang Lima, will take over as the President of ...
