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Energy

Oil Industry Needs $14trn Investment To Meet Global Demand – OPEC

The Organisation of the Petroleum Exporting Countries (OPEC) says the oil industry will require about $14 trillion investment from now to 2045, to...

Energy

NNPCL, OPEC Pledge Collaboration To Attract Investments, Grow Production  

The Nigerian National Petroleum Company Limited (NNPC Ltd) and the Organization of the Oil Exporting Countries (OPEC) have pledged to work closely together...

Energy

OPEC Predicts 2m Barrels Per Day Shortfall By Year End

The oil market is heading for a significant shortfall of around two million barrels per day at the end of the year as...

Energy

Nigeria Loses N101bn Worth Of Oil, Says OPEC

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...

Energy

Global Energy Demand To Increase By 352 mboe/d In 2045 – OPEC

The Organisation of the Petroleum Exporting Countries (OPEC) says the global energy demand is set to increase from 275 million barrels of oil...

Energy

OPEC+ Increases Nigeria’s Production Quota Despite Missing Targets

The Organization of the Petroleum Exporting Countries and its Russia-led partners decided on Wednesday to raise oil production by 400,000 barrels per day...

Energy

OPEC Puts Nigeria Crude Oil Production At 1.451mbd In Sept 2021

The Organisation of the Petroleum Exporting Countries ( OPEC) says Nigeria’s crude oil production averaged 1.451 million barrels per day in September 2021....

Energy

OPEC Lauds Nigeria As 70 Countries Indicate Interest In Global Maritime Security Conference

The Organisation of Petroleum Exporting Countries (OPEC) has commended the Federal Government of Nigeria for accepting to host the upcoming Global Maritime Security...

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