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NNPC Says Crude Oil Production, Price Benchmark for 2024 Budget Realistic  

  … Pledges to Maintain Level of Dividends Projected in MTEF   The Nigerian National Petroleum Company Limited, NNPC Ltd, has assured that the projections on crude...

More than $12 trillion will be needed in the upstream, midstream and downstream from now till 2045-OPEC

Looking ahead to 2045, our projections show that investments of more than $12 trillion will be needed in the upstream, midstream and downstream. Global primary...

Nigeria loses N101bn worth of oil, says OPEC

The Nigeria’s Crude Oil production plunged by 2.3 million barrels in July 2022 when compared to what the country produced in the preceding month...

Oil falls below $100, Nigeria’s production hit 1.158mb/d

The international benchmark for crude, fell below $100 per barrel on Tuesday as the latest figures released by the Organisation of Petroleum Exporting Countries...

Energy Association mourns Barkindo

The Association of Energy Correspondents of Nigeria, NAEC mourns the death of the outgoing secretary-general of the Organisation of Petroleum Exporting Countries, OPEC, Mohammad...

OPEC raises Nigeria’s oil quota amidst low production

The Organisation of Petroleum Exporting Countries on Thursday raised Nigeria’s oil production quota from the 1.735 million barrels per day target approved in April...

Oil Defies 2022 Surplus Forecast, Continues Bullish Run on Fading Virus Fears

Although still early in the year, oil prices has started off 2022 on a positive note, defying experts’ prediction of a ballooning surplus, instead...

$450bn refinery investments coming to Nigeria, others – OPEC

The Organisation of Petroleum Exporting Countries on Tuesday said about $450bn worth of new refinery projects and expansion of existing units would be invested...

Oil price continues to soar, hits $85 per barrel

Oil Price has increased to $85 a barrel after Saudi Arabia said that the Organization of Petroleum Exporting Countries, OPEC+ alliance should maintain its...

Barkindo moves for inclusive solution as OPEC hosts Climate Change Meeting

The Executive Secretary, Organisation of Petroleum Exporting Countries, OPEC, Sanusi Barkindo, has highlighted the need for an inclusive, comprehensive and just solution within the...

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