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A service for energy industry professionals · Thursday, April 3, 2025 · 799,938,017 Articles · 3+ Million Readers
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Nigeria OPEC & Quotas News Monitoring

  • Published on 17:02 GMT

    OPEC’s Oil Surge May Not Be Enough to Lower Prices

    Economy William_Potter / iStock via Getty Images The Organization of the Petroleum Exporting Countries (OPEC) recently announced that it wanted to increase its oil supply. But will it be enough to lower gas prices? Why would an increase in oil supply …

    Source: 24/7 Wall St. - Neutral
  • Published on 16:36 GMT

    OPEC+ unexpectedly speeds up oil output hikes, oil drops

    By Olesya Astakhova, Ahmad Ghaddar and Alex Lawler LONDON/MOSCOW (Reuters) -Eight OPEC+ countries unexpectedly agreed on Thursday to advance their plan to phase out oil output cuts by increasing output by 411,000 barrels per day in May, a decision that …

    Source: Regional Media News - Iowa - Label Pending
  • Published on 14:33 GMT

    Brent oil drops over 6% as Opec reviews hikes

    London/Moscow — Eight Opec+ countries agreed on Thursday to advance their plan to phase out oil output cuts by increasing output by 411,000 barrels per day in May, an unexpected decision that prompted oil prices to extend earlier losses. Oil, which was …

    Source: BusinessLIVE - Label Pending
  • Published on 06:15 GMT

    Nigeria leads as OPEC cuts oil production for March

    The Organization of Petroleum Exporting Countries (OPEC) reduced its crude oil production in March, ahead of its planned production increase for May, a new Bloomberg survey has indicated. Nigeria was said to have recorded the largest cut as OPEC reduced …

    Source: Daily Trust - Label Pending
  • Published on Apr 2, 2025

    Nigeria appoints former Shell executive to lead state-owned oil group

    Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Nigeria’s president has replaced the board of the country’s state-owned oil company and put a former Shell executive in charge, as …

    Source: The Financial Times - Neutral
  • Published on 16:31 GMT

    Tinubu marks Kyari, NNPCL board low, leading to sack !

    By, Onome Jackson President Bola Tinubu marked Mele Kyari and other board members of the Nigerian National Petroleum Company Limited very low ! They were not meeting up to expectations..The reason for the sweeping sack ! Though, Tinubu thanked the old …

    Source: You News Ng - Neutral
  • Published on Apr 2, 2025

    Iraq cuts oil output ahead of OPEC+ move

    2025-04-02T09:05:13+00:00 font Enable Reading Mode A- A A+ Shafaq News/ Iraq has reduced its oil production ahead of planned supply increases by the OPEC+ alliance, according to a Bloomberg survey. OPEC+, led by Saudi Arabia and Russia, is scheduled to …

    Source: Shafaq News - Uncategorized
  • Published on Apr 2, 2025

    Nigeria Cuts March OPEC Quota by 50,000bpd in Blow to 2025 Budget

    •Oil steadies near $75 as market weighs Trump’s tariffs, sanctions Emmanuel Addeh in Abuja The Organisation of Petroleum Exporting Countries (OPEC) reduced crude oil production last month, with curbs in Nigeria amounting to about 50,000 barrels per day, a …

    Source: This Day - Pro-Government
  • Published on Apr 1, 2025

    Explosion: Nigeria Reduces Oil Supplies By 50,000bpd In March – Report

    Share Nigeria recorded the largest crude oil supply reduction among members of the Organization of Petroleum Exporting Countries (OPEC) in March, cutting output by 50,000 barrels per day (bpd). According to a Bloomberg survey released on Tuesday, the …

    Source: New Telegraph - Label Pending
  • Published on Apr 1, 2025

    Nigeria cuts oil production by 50,000 bpd in March as OPEC tightens quotas – Report 

    Nigeria made the biggest oil production cut among members of the Organization of Petroleum Exporting Countries (OPEC) in March, reducing output by 50,000 barrels per day. According to a Bloomberg report, Nigeria made the cut to maintain an average of 1.5 …

    Source: Nairametrics - Neutral
  • Published on Apr 1, 2025

    OPEC Cuts Oil Production in March, Ahead of Ramp Up Plans

    The Organization of Petroleum Exporting Countries (OPEC) reduced its crude oil production in March, ahead of its planned production increase for May, a new Bloomberg survey showed on Tuesday. OPEC reduced its crude oil production for March to an average of …

    Source: Oil Price - Neutral
  • Published on Apr 1, 2025

    OPEC+ To Increase Oil Production in May: Report

    OPEC+ is expected to agree on a plan that would see production for the group increase in May, OPEC+ sources told Reuters on Tuesday. The OPEC+ group, comprised of the 12 OPEC members—Saudi Arabia, Iraq, Iran, Kuwait, Venezuela, Gabon, Algeria, Equatorial …

    Source: Oil Price - Neutral
  • Published on 05:17 GMT

    What Tinubu expects from Ojulari & team @ NNPCL

    By, Joke Thomas President Bola Ahmed Tinubu has handed out an immediate action plan to the new board. He want them to conduct a strategic portfolio review of NNPCL-operated and Joint Venture Assets to ensure alignment with value maximisation objectives. …

    Source: You News Ng - Neutral
  • Published on 03:22 GMT

    Stakeholders, JP Morgan’s Analysts Hail Leadership Change at NNPCL, Say Its New Dawn

    •Task Ojulari-led company to complete IPO, sustain production growth, boost investor confidence, others •Hail Tinubu for selecting a ‘surgical team’ to transform company Peter Uzoho and Dike Onwuamaeze Yesterday’s dissolution of the board of the Nigerian …

    Source: This Day - Pro-Government
  • Published on Apr 1, 2025

     Energy Editors Fear Rivers’ Emergency Rule May Puncture Nigeria’s Oil Output 

    LAGOS  – Nigeria risks losing 100,000–200,000 bpd in the 2025 if unrest escalates on account of the ongoing emergency rule in Rivers State, the Society of Energy Editors has said.  The editors also said the development would further strain the nation’s …

    Source: Daily Independent - Label Pending
  • Published on Apr 2, 2025

    APC faults Peter Obi, insists Tinubu’s achievements undeniable

    The All Progressives Congress has asserted that President Bola Tinubu’s administration has achieved unquestionable success, rendering validation from the opposition unnecessary. In a statement released on Wednesday, APC National Publicity Secretary, Felix …

    Source: Punch - Uncategorized
  • Published on Apr 2, 2025

    Federal Government Threatens To Revoke Licenses Of Inactive Oil Blocks

    The Minister of State Petroleum Resources (Oil), Senator Heineken Lokpobiri, has issued a warning of potential license revocations for owners of oil blocks who have failed to develop them. This declaration is set against the backdrop of the Federal …

    Source: Biz Watch Nigeria - Uncategorized
  • Published on 09:43 GMT

    The reasons that propelled President Bola Ahmed Tinubu to sack Mele Kyari, NNPCL board

    President Bola Tinubu’s decision to sack Mele Kyari and other board members of the Nigerian National Petroleum Company Limited stems from mounting concern over performance and a failure to meet key production targets, Presidency officials have disclosed. …

    Source: Alexa.ng - Label Pending
  • Published on 09:03 GMT

    TNP fire reduces daily crude oil production by 50,000 barrels 

      Oil production in Nigeria went down by 50,000 barrels a day to an average of 1.5 million per day, in line with its quota. Also, loading of the country’s Bonny Light crude grade faced delays following a fire at the Trans-Niger Pipeline. This is as the …

    Source: Blueprint Newspapers Limited - Label Pending

04 days 06:39:16

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