Nigeria’s OPEC quota is 1.5 million barrels per day. The drop in February indicates that Nigeria lost an average of 70,000 barrels of crude oil daily, representing a loss of about 2.1 million ...
Energy - Higher Demand for OPEC Oil Oil prices settled lower yesterday as the market digested the US SPR release announcement, while the YoY US CPI print also came in above expectations ...
A WATER project initiated in 2014 was inaugurated yesterday, catering for villages in Mwanga and Same districts in ...
It marked the first time Nigeria surpassed OPEC’s quota of 1.5 mbpd in several years. Also, with condensate added, production increased by 69,920 bpd, rising from 1.68 mbpd in December to 1.74 ...
Energycategory· 2:44 PM UTC OPEC says Kazakhstan leads jump in OPEC+ output, holds demand view OPEC said on Wednesday that Kazakhstan led a sizeable jump in February crude output by the wider ...
In 2022, as Nigeria struggled to meet its Opec quota, the head of the national oil company estimated that it could be producing as much as 700,000 barrels a day more if not for criminals stealing ...
The renewed trade war between the United States of America, USA, and some developed economies has put more pressure on crude oil prices bringing more threat to Nigeria’s 2025 budget.
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Amid the struggling oil prices, which remained below Nigeria’s budget benchmark of $75 per barrel, the country’s oil production in February dropped further to 1.4 million barrels per day.
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