The Organisation of the Petroleum Exporting Countries (OPEC) has announced that Nigeria has the potential to reach a significant oil production quota of 1.5 million barrels per day (bpd) in 2024. This disclosure came during the 36th OPEC and non-OPEC ministerial meeting held on Thursday.
As...
Oil reversed earlier losses on Wednesday as investors took heart from strict OPEC compliance with its pledge to cut output.
The Organisation of the Petroleum Exporting Countries reduced its oil output for a second month in February, a media survey found, showing the exporter group has boosted...
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The Nigerian National Petroleum Corporation (NNPC) said it hopes to ramp up crude oil production above the country’s budget benchmark of 2.2 million barrels per day (b/d) by the end of the second quarter of 2017 due to the restoration of critical export pipelines and the peace so far achieved in...
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The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu on Wednesday disclosed that crude oil production in the country had risen to two million barrels per day.
Kachikwu made the disclosure when he met with the House of Representatives Committee on Petroleum Resources (Upstream)...
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