Tag: Opec
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Raise oil production to reduce 2023 budget deficit- Experts urge FG
Some financial analysts have urged the Federal Government to raise the nation’s oil production to OPEC quota, as panacea to ensure fiscal sustainability and...
OPEC decision on production cut unanimous, says Sylva
Chief Timipre Sylva, Minister of State Petroleum Resources, says the Organisation of Petroleum Exporting Countries (OPEC) decision to cut two million barrels of crude...
IEA warns of risks as OPEC+ slashes output
The International Energy Agency (IEA) on Thursday warned that a dramatic cut in oil production will have a serious impact on economy and energy...
Crude oil production: Angola, Libya maintain lead over Nigeria – OPEC report
Angola and Libya have for the second consecutive month maintained their lead over Nigeria as Africa’s highest crude oil producers, according to a report...
Oil rises towards $90 as OPEC+ considers output cut
Oil prices firmed on Thursday, erasing earlier losses, on indications that OPEC+ might cut output, though a stronger dollar and weak economic outlook kept...
