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A service for global professionals · Thursday, May 26, 2022 · 574,148,012 Articles · 3+ Million Readers
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Nigeria OPEC News  •••  Topics  •  Nigeria Media Directory

Nigeria OPEC Newswire

  • Published on 13:11 GMT

    OPEC+ set to stick to modest output hike for July, sources say

    LONDON/DUBAI - OPEC+ is set to stick to an oil production deal agreed last year at its meeting on June 2 and raise July output targets by 432,000 barrels per day, six OPEC+ sources told Reuters, rebuffing Western calls for a faster increase to lower …

    Source: Zawya - Uncategorized
  • Published on May 25, 2022

    OPEC Basket Down 99 Cents To Settle At USD 114.96 Pb

    (MENAFN- Kuwait News Agency (KUNA)) VIENNA, May 25 (KUNA) -- The price of the OPEC crudes went down by 99 cents to settle at USD 114.96 per barrel on Tuesday as opposed to USD 115.95 pb last Monday, said the international oil cartel on Wednesday. According …

    Source: MENAFN - Neutral
  • Published on May 24, 2022

    Oil Sector Development Decreased By 26% In Q1 – NBS

    The real growth of the oil sector was –26.04% (year-on-year) in the first quarter of 2022, indicating a decrease of 23.83 per cent points relative to the rate recorded in the corresponding quarter of 2021, figures by the National Bureau of Statistics (NBS) …

    Source: Biz Watch Nigeria - Uncategorized
  • Published on May 24, 2022

    Oil Sector Growth Plummet By 26% In Q1 – NBS Report

    The National Bureau of Statistics revealed in its latest analysis that 26.04% (year-on-year) growth was recorded in the first quarter of 2022. The reported figure is, however, a decrease of 23.83 per cent points relative to the rate recorded in the …

    Source: Naija News - Uncategorized
  • Published on May 23, 2022

    Nigeria’s fading economic prospects

    By Dele Sobowale Late British Prime Minister, Harold Wilson, 1916-1995, was the first to pronounce that “a week in politics is a long time.”  That was long before the world became a smaller global village on account of the internet.  Today, any significant …

    Source: Vanguard - Uncategorized
  • Published on May 22, 2022

    Deliberate OPEC-plus actions keeping oil on the boil

    The rise of OPEC and the consolidation of the modern oileconomy after the disintegration of the Soviet Union in 1991 have witnessed global petroleum markets following one simple principle –– supply must match demand. This equation not only keeps the price …

    Source: The Economic Times - Neutral
  • Published on May 20, 2022

    Scandalous Oil Theft: Nigeria loses N3.038 trillion in one year

    By Ediri Ejoh THERE are indications that despite the rise in crude oil prices in the international market, Nigeria’s economy may not reap the benefits due to the continued increase in theft and pipeline vandalism estimated to have gulped 73 million barrels …

    Source: Vanguard - Uncategorized
  • Published on May 18, 2022

    EFCC, Marketers Partner To Tackle Oil Theft

    The Economic and Financial Crimes Commission (EFCC), and the Independent Petroleum Marketers Association of Nigeria (IPMAN), have partnered to tackle the menace of oil theft in the country. BizWatch Nigeria learnt that the partnership was sealed in Port …

    Source: Biz Watch Nigeria - Uncategorized
  • Published on May 18, 2022

    African oil producers urge investment to boost production

    Africa's main Oil Producers and Exporters are meeting in Luanda, the Angolan capital. They are seeking solutions to increase investment in the oil sector and the energy transition. “A lot of things have been happening in the world today to make us …

    Source: Africanews - Neutral
  • Published on May 24, 2022

    Energy News Monitor | Volume XVIII, Issue 45

    Quick Notes The Natural Gas Sector in India: Cost of price controls Domestic Gas Price Revisions On 31 March 2022, the Indian government increased the price of domestic gas from US$2.9/mmBtu (metric million British thermal units) to US$6.10/mmBtu, …

    Source: Observer Research Foundation - Neutral
  • Published on May 24, 2022

    States groan over delayed revenue sharing, FAAC meets today

    Stephen Angbulu, Sami Olatunji, John Charles, Abiodun Nejo and Matthew Ochei Published 24 May 2022 The Federation Account and Allocation Committee meeting initially scheduled for last week will now hold on Tuesday and Wednesday. The Chairman of the …

    Source: Punch - Neutral
  • Published on May 6, 2022

    Dealing with growing menace of crude oil theft

    In the first four months of this year, data from the Nigerian National Petroleum Company Limited showed that Nigeria was losing about 250, 000 barrels per day of crude oil to theft. This did not only bring the total loss to about $1.5 billion but has …

    Source: The Guardian (Nigeria) - Uncategorized
  • Published on Apr 27, 2022

    Succour for Nigeria as global oil demand, price may decline

    … Demand may cripple by 1.4 million bpd Projected demand drop of over 1.4 million barrels per day of crude oil at the international market may provide brief succour for Nigeria’s economy, which has been gasping for breath over soaring oil prices. Although …

    Source: The Guardian (Nigeria) - Uncategorized
  • Published on May 15, 2022

    Discordant tunes persist as IOCs divestment gather steam

    As the divestment by International Oil Companies (IOCs) gathers steam, many issues are yearning for answers in the oil sector. Key among these issues are abandonment, decommissioning, oil theft, pipeline vandalism, mounting court cases, and the …

    Source: The Guardian (Nigeria) - Uncategorized
  • Published on May 25, 2022

    The mafia is a business like any other… almost

    NADIA DIZ GRANA FOR "LE MONDE" "Our thing is money." The man saying these words is not the president of a hedge fund, but a dignitary of the Primeiro Comando da Capital (PCC), the largest mafia in Brazil. Sitting at the back of a bar in …

    Source: Le Monde - Neutral

  • Saudis Play Hard to Get as Europe Seeks Alternative for Russian Oil

    The key to Russia’s ability to fight a protracted war in Ukraine may lie some 3,000 kilometers away from the battlefields, in the Persian Gulf. Despite the sanctions imposed on Russia since the invasion began in February, Europe continues to import some 3. …

    Source: Haaretz - Left-wing
  • Published on May 18, 2022

    Russian Deputy Foreign Minister Mikhail Bogdanov: We count on Russian companies continuing to work in Africa

    Mikhail Bogdanov Photo: Department of Information and Press of the Russian Ministry of Foreign Affairs Russian Presidential Special Representative for Middle East and Africa Mikhail Bogdanov has given an interview to Interfax correspondent Ksenia Baygarova …

    Source: Interfax - Neutral
  • Published on May 18, 2022

    Africa’s Energy Course On A New Path

    Let Africa Resolve Its Energy Needs Without Interference By Dr. Emmanuel Ibe Kachikwu, former Nigerian Minister of State for Petroleum Resource and Ambassador for Africa Oil Week The African continent remains one of the most unexplored places on Earth for …

    Source: Africa.com - Neutral
  • Published on Apr 21, 2022

    GEIL commences phase two development of Otakikpo field

    The Operator of the Otakikpo field announced the commencement of the phase two development of the Otakikpo Marginal Field located at the Oil Mining Lease (OML) 11 in Rivers State with the drilling of two development wells. The indigenous integrated energy …

    Source: The Guardian (Nigeria) - Uncategorized
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