OPEC

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...

December 21, (THEWILL) - Angola has announced its decision to quit membership of oil cartel, the Organization of the Petroleum Exporting Countries (OPEC), effective immediately. Oil Minister Diamantino Azevedo, in a televised address, declared that OPEC membership was no longer...

October 04, (THEWILL) - The Organisation of Oil Petroleum Exporting Countrie (OPEC), has reviewed the crude oil production data of member states and allies. This was reviewed at the just-concluded 50th meeting of the Joint Ministerial Monitoring Committee (JMMC). The Cartel,...

September 14, (THEWILL) – Oil Cartel group, Organization of the Petroleum Exporting Countries (OPEC), has faulted the claim by the International Energy Agency (IEA) that demand for fossil fuels like coal, oil and gas will peak before the end...

September 03, (THEWILL) - Nigeria’s volatile currency market turnover climbed to $1.88 billion in August from $1.71 billion in the previous month, reflecting a 1.8 percent increase in 23 trading days. However, the market turnover for August 18, was not...

July 05, (THEWILL) - Nigeria earns the least in terms of per capita among the Organization of Petroleum Exporting Countries (OPEC) group, recording $51 income for each of her citizens in the first five months of 2023, according to...

June 14, (THEWILL) - OPEC on Tuesday kept its oil demand growth forecast for 2023 mostly unchanged from last month but warned of increased economic uncertainties ahead due to high interest rates and persistent inflation. OPEC sees global oil demand...

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says its focus is to exceed the Organisation of Petroleum Exporting Countries (OPEC)’s oil production quota of 1.74 million barrels per day (bpd). Its Chief Executive, Gbenga Komolafe, made the assertions shortly after...