Oil and Gas
NCDMB Preserves $6.4bn of Nigeria’s Oil Industry Yearly Spend
The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Simbi Wabote, has stated that the agency has retained the...
OPEC Projects 6.2mbpd Growth In Oil Demand In 2021
.Some personalities at the inauguration of the 5,000 barrels-per-day Waltersmith Modular Refinery last week in Imo State. The Organisation of Petroleum...
OPEC+ Sets June 22 Deadline For Non-Compliant Members On Oil Output Cut
The Organisation of Petroleum Exporting Countries (OPEC) and its allies in the Declaration of Cooperation, called OPEC+, has set June...
OPEC Puts Nigeria’s Oil Output At 1.78 m/bd In April
The Organisation of Petroleum Exporting Countries, OPEC, has put Nigeria’s oil output, excluding Condensate, at 1.78 million barrels per day,...
OPEC+ Countries Agree On Output Reduction
Ministers Of The OPEC+ Countries Agreed In A Video Conference On Sunday To Boost Oil Prices By Cutting Production By...
Nigeria, Others Risk 85% Drop In Oil Revenue – OPEC, IEA
Nigeria and other developing countries that rely heavily on oil revenue are set to witness a decline as their income...
How OPEC’s Coronavirus Cuts Affect Ocean Shipping
The market expected a new coronavirus-induced 1 million-barrel-per-day (b/d) production cut from OPEC+, the coalition of OPEC and participating non-OPEC...
OPEC Resorts To Production Cuts To Curb COVID-19 Impact On Oil Demand
Responding to the ongoing oil demand situation, OPEC members proposed today to cut oil production by 1.5 million barrels per...
Nigeria To Cut Crude Oil Output In Line With OPEC
The Group Managing Director, Nigerian National Petroleum Corporation (NNPC) Mr. Mele Kolo Kyari, has said that Nigeria will have to...
Saudi, Russia Call For Better Compliance With OPEC Oil Cuts
Saudi Arabia and Russia on Thursday called on OPEC members and its allies to better comply with oil production cuts.The...
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