Nigerian Crude Steadies as Global Oil Market Awaits US-Russia Agreement Outcome
Nigeria’s Bonny Light crude closed at $68.85 a barrel, barely breaking a six-session losing streak, as global investors weighed the ...
Tag: OPEC
Oil Prices Slide as OPEC+ Output Hike Stokes Oversupply Fears
Oil prices dropped to their lowest level in a week following a decision by OPEC+ to implement a significant output ...
OPEC+ Raises Production Quota by 411,000 Barrels per Day ,Piling Pressure on Naira
The Organization of the Petroleum Exporting Countries and its allies (OPEC+) has announced a production boost of 411,000 barrels per ...
Nigeria Faces Economic Strain as Oil Prices Fall Below $60
Nigeria faces fresh macroeconomic turbulence as global oil prices tumble below $60 per barrel, exposing the country to heightened fiscal ...
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 ...
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 ...
