By Adedapo Adesanya An improvement in the crude oil output in Nigeria has eased the pressure on the Naira against its peers in the foreign exchange...
By Adedapo Adesanya The 23 oil-producing nations under the aegis of the Organisation of the Petroleum Exporting Countries (OPEC) and its allies, OPEC+, on Sunday agreed...
By Adedapo Adesanya The Organisation of the Petroleum Exporting Countries and allies (OPEC+) is now producing below its targets by a record 3.58 million barrels per...
By Adedapo Adesanya Nigeria’s crude oil production has slumped below one million barrels per day, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The agency...
By Adedapo Adesanya The oil market witnessed growth on Monday as supply disruption pushed prices higher after one of Africa’s top exporters, Libya, announced shutting down...
By Adedapo Adesanya Despite Nigeria’s infrastructural challenges to meet peak oil production, the Minister of State for Petroleum Resources, Mr Timipre Sylva, has said the country...
By Adedapo Adesanya Nigeria recorded the biggest decline in oil production among the Organisation of the Petroleum Exporting Countries (OPEC) output cut quota in August, according...
By Adedapo Adesanya The Organisation of the Petroleum Exporting Countries and its allies (OPEC+) agreed on Tuesday to continue gradually easing production cuts amid a rebound...
By Adedapo Adesanya Nigeria’s estimated crude production fell by 185,000 barrels per day to 1.59 million in May following the country’s pledge to cut production in...
Adedapo Adesanya Nigeria is ready to further cut its oil production if the Organization of Petroleum Exporting Countries (OPEC) and its allies decide in December that...
