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Tag: opec

Audi: Some NSCDC Officials Colluding To Vandalise Oil Pipeline

Commandant General of the Nigeria Security and Civil Defence Corps (NSCDC), Dr. Ahmed Audi
The Commandant General of the Nigeria Security and Civil Defence Corps (NSCDC), Dr. Ahmed Audi, has lamented that some of his men were colluding with some criminal elements to vandaliseRead More

With Massive Oil Windfall, Saudi Arabia Pours $7.5bn Into US Stocks

Organisation of the Petroleum Exporting Countries (OPEC)
A top member of the Organisation of Petroleum Exporting Countries (OPEC) Saudi Arabia, has through its Sovereign Wealth Fund (SWF) invested $7.5 billion in blue-chip American companies on the backRead More

Nigeria’s Production Quota Hits 1.8m bpd As OPEC Ups July Crude Allocation

Organisation of the Petroleum Exporting Countries (OPEC)
Total country’s drilling deficit crosses 400,000bpd With 26% share of Nigeria’s gas export, Kyari says Spain remains major market DHQ: Troops destroyed 40 illegal refineries in Niger Delta For theRead More

OPEC: Nigeria Produced 558,000 Barrels Less Oil In April Compared With March

Crude oil
Again, cartel cuts global oil demand growth forecast Again, Nigeria failed to ramp up crude oil production despite all the sloganeering by the various agencies of government, producing 558,000 barrelsRead More

Nigeria’s Oil Under-production Undermines OPEC Projection In April

Organisation of the Petroleum Exporting Countries (OPEC)
NNPC, partners produced 345,000kpd less last month Cartel to stick with supply plan despite growing pressure Nigeria, Libya and a handful of African countries again hobbled the projected oil productionRead More

Report: OPEC+ Supply Gap Widened In March On Cut In Russian Output

Organisation of Petroleum Exporting Countries (OPEC)
Cartel produced 1.45m barrels less last month The Organisation of Petroleum Exporting OPEC+ produced 1.45 million barrels per day (bpd) below its production targets in March, a Reuters report hasRead More

OPEC+ Resolves To Continue With Gradual 400,000 bpd Oil Output Hikes

Organisation of the Petroleum Exporting Countries (OPEC)
Nigeria’s quota hits 1.753m daily production in May US plans release of 1m barrels per day to lower rising prices The Organisation of Petroleum Exporting Countries (OPEC) again resolved yesterdayRead More

Barkindo: OPEC Has No Capacity To Compensate For Loss Of Russian Oil

OPEC Secretary General, Dr. Mohammad Sanusi Barkindo
Producers’ group may keep to 400,000bd incremental plan With Russia now becoming a pariah nation, the Organisation of Petroleum Exporting Countries (OPEC) said yesterday that it would be difficult toRead More

Kyari: Nigeria’s Economy No Longer Dependent On Oil Revenues

NNPC Group Managing Director, Mallam Mele Kyari
Says country not ready for electric vehicles Barkindo insists oil to remain relevant in foreseeable future The Group Managing Director of the Nigerian National Petroleum Company (NNPC) Limited, Mallam MeleRead More

FG Rejects Two Cargoes Of Adulterated Petrol Imported From Belgium

Organisation of the Petroleum Exporting Countries (OPEC)
STI SYMPHONY makes U-turn off coast of Guinea OPEC’s production drops by 700,000bpd Following the circulation of adulterated petrol in Nigeria, which damaged vehicle engines last week, the federal governmentRead More