Nigeria’s crude oil production declined by 4.37% in March to 1.401mn barrels per day (bpd), further widening the gap between actual output and the country’s OPEC quota, the AprilOPEC Monthly Oil ...

The document said, “The average crude oil production was 99% of the OPEC quota (1.5mbopd ... The report did not state the cause of the decline in output but it may not be unconnected ...

Nigeria's crude oil production has hit a two-month high after months of decline. The country reported an increased production ...

Nigeria has set an ambitious target of 2.5 million barrels of oil per day by the end of the year, backed by Exxon’s $1.5 ...

Analysts have called for urgent fiscal adjustments as Nigeria’s $75 budget oil benchmark clashes with $60 global price.

Nigerians will be eagerly awaiting changes in petrol pump prices following the reduction in international crude oil prices ...

U.S. oil prices fell to $57 a barrel after the OPEC Plus cartel said this weekend that it would pump more oil.

OPEC+ shocked oil markets in April by agreeing to a bigger-than-expected output hike for May despite weak prices and slowing demand. OPEC’s de facto leader Saudi Arabia designed the move to ...

The Organization of Petroleum Exporting Countries (OPEC) has reported a decline in Nigeria’s oil production following its ...