OPEC

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...

June 04, (THEWILL) - Nigeria alongside other OPEC and Non-OPEC members at the just concluded 35th Joint Ministerial Monitoring Committee (JMMC) meeting in Vienna, Austria, have agreed to a cut production volumes in order to ensure global oil...

With less than 36 days to the presidential election, the major candidates in the election, Rabiu Kwankwaso of the New Nigeria Peoples Party, (NNPP); Bola Tinubu of the All Progressives Congress, (APC); Peter Obi of the Labour Party, (LP)...

One of the ironies of the Nigerian economy remains the fact that at a time that it is expected to be reaping a ‘sustained windfall’ from high oil prices in the international market, the country has rather been experiencing...