OPEC

July 16, (THEWILL) — Nigeria’s oil output on a month-on-month (MoM) basis rose to 1.505 million barrels per day (bpd) in June 2025, data from the Organisation of the Petroleum Exporting Countries (OPEC) Monthly Market Oil Report (MOMR)...

May 13, (THEWILL) – Nigeria’s crude oil production rose to 1.48 million barrels per day (bpd) in April 2025, marking a modest increase from 1.40 million bpd recorded in March, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said...

March 04, (THEWILL) – Oil prices tumbled to a 12-week low on Monday after the Organization of the Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+, confirmed plans to increase oil production in April. Brent crude dropped...

January 16, (THEWILL) – The Organisation of Petroleum Exporting Countries (OPEC) has highlighted the significant impact of the $20 billion Dangote Refinery on Europe’s oil and gas market. The  Dangote Refinery, owned by Africa’s richest man, Aliko Dan­gote, has been...

December 11, (THEWILL) - Nigeria’s crude oil production, excluding condensate, increased to an average of 1.48 million barrels per day (bpd) in November 2024, representing a 15.3 percent rise compared to the 1.3 million bpd recorded in October, the...

December 11, (THEWILL) - Nigeria’s Ademola Adeyemi-Bero has been appointed as the Chairman of the Board of Governors of the Organisation of Petroleum Exporting Countries for 2025. The announcement was made during the 189th meeting of...

November 13, (THEWILL) - Nigeria’s average daily crude oil production increased marginally to 1.33 million barrels per day in October 2024, the Organisation of Petroleum Exporting Countries said on Tuesday. THEWILL had reported that crude oil production in Nigeria dropped...

August 09, (THEWILL) – The Organisation of Petroleum Exporting Countries (OPEC) has highlighted the significant impact that the $20 billion Dangote Refinery is expected to have on Europe’s oil and gas market. In its June 2024 Oil Market Report, OPEC...

April 12, (THEWILL) - Nigeria’s crude oil production in March 2024, dropped to 1.23 million barrels per day (bpd) from 1.32 million bpd recorded in February 2024, the Organisation of Petroleum Exporting Countries (OPEC) said on Friday, in its...

January 17, (THEWILL) - Nigeria’s oil output on a month-on-month (MoM) basis rose to 1.4 million barrels per day (bpd) in December 2023, the Organisation of Petroleum Exporting Countries (OPEC) disclosed in its Monthly Oil Market Reports (MOMRs) for...