Tags Opec

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OPEC: Nigeria Loses N1.22tn To Deficit Oil Production

The Organisation of Petroleum Exporting Countries (OPEC) says Nigeria lost about 22.658 million barrels of crude oil valued at N1.22tn in the...

OPEC Puts off Plan on Oil Output Cuts

The Organisation of Petroleum Exporting Countries (OPEC) yesterday failed to agree on whether or not to keep crude oil output at current...

Smuggling: PMS Daily Consumption Rises To 103m Litres – NNPC

The Nigerian National Petroleum Corporation (NNPC) says smuggling across the borders increased the daily consumption of Premium Motor Spirit (PMS) to 103...

OPEC Considers Output Increase In August

The Organisation of Petroleum Exporting Countries(OPEC) and its allies are considering a further easing of oil output cuts from August as oil...

Nigeria, others lost $1tn oil revenue in two years – OPEC

Nigeria and other members of the Organization of the Petroleum Exporting Countries lost about $1tn in revenue due to the plunge in...

COVID-19 resurgence, threat to oil demand recovery – OPEC

The resurgence of the COVID-19 pandemic in many countries is posing a threat to economic and oil demand recovery, the Organisation of...

OPEC Cautions Nigeria, Others Over Crude Oil Production

The Secretary-General of the Organisation of the Petroleum Exporting Countries has said OPEC and its allies need to remain disciplined with their...

OPEC cuts forecast for 2021 growth in oil demand

The Organization of the Petroleum Exporting Countries, or OPEC, on Monday cut its forecast for 2021 growth in oil demand, citing "uncertainty...

OPEC, Russia Deal Raises Hope For Crude Oil

A fresh hope for oil producing countries such as Nigeria, and Algeria was raised at the weekend as oil prices hit the...

OPEC seeks oil recovery, continues production cut talks

The Organisation of the Petroleum Exporting Countries will, on Tuesday, continue its discussion on the extension oil production cuts as it set...

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