Despite pledges to increase production, OPEC+ saw a decline in collective output in April, driven by shortfalls in sanctioned ...

Opec on Wednesday trimmed its forecast for growth in oil supply from the United States and other producers outside the wider Opec+ group this year and said it expected lower capital spending following ...

OPEC's latest report projects slower oil supply growth from non-OPEC+ producers due to declining upstream investments in 2025 ...

Supply from countries outside the Declaration of Cooperation - the formal name for OPEC+ - will rise by about 800,000 barrels ...

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) yesterday said the country’s oil production rose to 1.48 ...

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Monday said the country’s crude oil production hit 99 per ...

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 ...

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

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

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

As global oil prices plunge below $60 per barrel, Nigeria’s fiscal stability is under serious pressure, threatening the ...

ShareThe continued oil prices fall at the global market is gradually worsening Federal Government’s projections with regard ...