OPEC

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...

October 15, (THEWILL) – The Organisation of Petroleum Exporting Countries (OPEC), will on October 31, launch its 2022 World Oil Outlook (WOO), at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) in the United Arab Emirates (UAE), the...

April 12, (THEWILL) – Nigeria’s oil output declined by 15 percent to 1.24 million barrels per day (bpd) in March 2022, the Organisation of the Petroleum Exporting Countries (OPEC), has indicated in its monthly Oil Market Report (MOMR) for April...

February 18, (THEWILL) - The Organisation of Petroleum Exporting Countries (OPEC), Ministry of Petroleum Resources, Nigerian National Petroleum Company (NNPC) Limited and other stakeholders, are set to canvass for a diversified market for Nigeria’s huge gas resources and woo...

January 31, (THEWILL) - Oil prices continued to surge on Monday as Brent crude, global oil benchmark, hit $91.31 per barrel, ahead of an OPEC+ meeting on Wednesday. In a market survey on Monday morning, Brent crude rose $1.28, or...

July 01, (THEWILL) - Members of the Organisation of Petroleum Producing and Exporting Countries (OPEC) meet Thursday (July 1), by videoconference. The meeting,  THEWILL gathered, is to review developments in the oil market for the month of June and also plan...