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OPEC - Page 4

Former Nigerian Oil Minister Charged with Bribery Offenses, UK Police Alleges

In a startling turn of events, British police have announced charges against former Nigerian oil minister, Diezani Alison-Madueke, for bribery offenses. According to information revealed in a report by Reuters, authorities suspect her involvement in a complex web of bribery, where she

August 22, 2023

Nigeria's September Oil Production Hits 1.5 Million Barrels, Bolsters OPEC Output

Business·Oil & Gas

OPEC Ranks Nigeria Ahead Angola, Algeria, As Crude Output Rises To 1.29mbpd

Nigeria increased its daily crude oil production by 21,000 barrels in June to remain Africa’s largest crude oil producer, according to the Organization of the Petroleum Exporting Countries (OPEC). While Nigeria raised its production slightly, OPEC reported in its Monthly Oil Market

July 13, 2023

Nigeria’s Crude Oil Production Surges To 1.3mbpd

Business·Oil & Gas

FG, OPEC+ To Renegotiate Crude Oil Output After Nigeria’s Failure To Meet Quota

The Federal Government is planning to meet with members of the Organisation of the Petroleum Exporting Countries and its non-OPEC partner, Russia, in November to renegotiate Nigeria’s crude oil output. According to the Group Chief Executive Officer of the Nigerian National Petroleum

July 12, 2023

Business·Oil & Gas

OPEC’s Direct, Secondary Sources Disagree Over Africa’s Largest Crude Oil Producer

The Organisation of Petroleum Exporting Countries (OPEC) has revealed that Angola is now the largest crude oil producer in Africa based on direct communications. According to the Monthly Oil Market Report – May 2023, which covers the month of April, obtained from

May 12, 2023

Business·Insights

Saudi Arabia, OPEC+ Members Cut Oil Output, To Affect Nigeria’s Fuel Landing Cost

The cost of subsidy on Premium Motor Spirit (PMS), also known as fuel, in Nigeria will rise in May should the country not remove it, as Saudi Arabia and some members of the Organisation of the Petroleum Exporting Countries plus (OPEC+) cut

April 3, 2023

Concerns For Nigeria's Oil Market As Over 60 Million Barrels Remain Unsold

Business·Oil & Gas

Oil Price Rises, As Nigeria’s Failure To Meet Quota Drags OPEC Output Down

Despite Nigeria claiming the spot of the largest crude oil producer in Africa, it failed to meet its quota in January 2023, as agreed with members of Organisation of the Petroleum Exporting Countries (OPEC). On the back of the report that OPEC’s

February 1, 2023

Business·Oil & Gas·World News

Joe Biden’s Gov’t Criticises Nigeria, Other OPEC+ Members, As They Clash Over Oil Price

Nigeria, and other members of the Organisation of the Petroleum Exporting Countries Plus (OPEC+) have been slammed by the United States government over cut in production level. The United States government said the members of OPEC+ are “shortsighted” and has threatened to

October 7, 2022

Business·Oil & Gas

Nigeria Loses Largest African Oil Producer Status To Angola, As OPEC Reveals Country’s Problem

Nigeria has yet again lost its position as the largest oil producer in Africa, after producing less crude compared to Angola in June. This is the second months the country will fall behind, with May being the first. Oil companies in Nigeria

July 13, 2022

News

African Petroleum Organisation Condoles With Buhari Over Passing Of Barkindo

Secretary General of the African Petroleum Producers’ Organisation (APPO), Dr Omar Farouk Ibrahim has condoled with President Muhammadu Buhari on the passing of Dr Mohammed Sanusi Barkindo, the Secretary-General of Organisation of Petroleum Exporting Countries (OPEC). In a letter of condolence to

July 9, 2022

Business·Oil & Gas

Oil And Gas Industry Is Under Siege – Last Speech Of Late OPEC Sec-Gen, Mohammad Barkindo

The oil and gas industry was hit with a shock following reports that Organisation of the Petroleum Exporting Countries (OPEC) Secretary-General, Mohammad Barkindo, passed away suddenly. Barkindo’s death came hours after he granted a speech at the Nigerian Oil and Gas (NOG)

July 7, 2022

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OPEC - Page 4

Former Nigerian Oil Minister Charged with Bribery Offenses, UK Police Alleges

OPEC Ranks Nigeria Ahead Angola, Algeria, As Crude Output Rises To 1.29mbpd

FG, OPEC+ To Renegotiate Crude Oil Output After Nigeria’s Failure To Meet Quota

OPEC’s Direct, Secondary Sources Disagree Over Africa’s Largest Crude Oil Producer

Saudi Arabia, OPEC+ Members Cut Oil Output, To Affect Nigeria’s Fuel Landing Cost

Oil Price Rises, As Nigeria’s Failure To Meet Quota Drags OPEC Output Down

Joe Biden’s Gov’t Criticises Nigeria, Other OPEC+ Members, As They Clash Over Oil Price

Nigeria Loses Largest African Oil Producer Status To Angola, As OPEC Reveals Country’s Problem

African Petroleum Organisation Condoles With Buhari Over Passing Of Barkindo

Oil And Gas Industry Is Under Siege – Last Speech Of Late OPEC Sec-Gen, Mohammad Barkindo

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