Tag: OPEC
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OPEC downgrades 2025 forecast for U.S. oil
OPEC has downgraded the forecast for the U.S. oil and condensate production in 2025 by 50,000 barrels per day.
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Nigeria’s OPEC Governor appointed Chairman of OPEC Board of Governors
The Organisation of the Petroleum Exporting Countries (OPEC) has appointed Mr Ademola Adeyemi-Bero, Nigeria’s Governor for OPEC, as Chairman of the OPEC Board of Governors for 2025.
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Why Nigerians experience high fuel prices — OPEC
Following the fuel price hike that sparked widespread concerns, with many pointing fingers at the Dangote Refinery,. the Organisation of Petroleum Exporting Countries (OPEC) has said taxes imposed by major oil-consuming countries are the primary driver of increased fuel costs.
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Nigerian crude oil production sees significant Increase, aiming for 2 Million BPD by Year-End
Nigeria’s crude oil production in July rose to 1.307 million barrels per day, according to the monthly oil market report from the Organisation of Petroleum Exporting Countries (OPEC).
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Why Dangote refinery will disrupt Europe’s Oil & Gas industry – OPEC
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.
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Energy demand to rise 23% by 2045 – OPEC
The Organisation of the Petroleum Exporting Countries (OPEC) says energy demand will rise by an estimated 23 per cent by 2025.
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Namibia set to crash price of fuel after OPEC announcement
Namibia says it will decrease the price of petrol by 80 Namibian cents per liter (about 0.044 U.S. dollars).
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Crude oil production in Nigeria has dropped to 1.25mbpd – OPEC
The Organization of Petroleum Exporting Countries (OPEC) has said that Nigeria’s crude oil production made a record decline to 1.25 million barrels per day in May 2024.
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President Tinubu providing leadership without making noise – Bwala
A former spokesman of the defunct Atiku-Okowa Presidential Campaign council, Daniel Bwala has reacted to reports by the Organization of Petroleum Exporting Countries, OPEC, that Nigeria’s average daily crude oil production rose to 1.28 million barrels per day. Bwala hailed President Bola Ahmed Tinubu for providing leadership without making noise.
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OPEC authorizes oil output target of 1.5 million barrels per day for Nigeria
The Organization of Petroleum Exporting Countries (OPEC) has given Nigeria a output target of 1.5 million barrels per day as from 2024. This was, however, significantly lower than Nigeria had hoped for and came after intense negotiations that lasted several days.