Tag: OPEC

Brent crude price today falls below $105 as Trump signals progress in Iran talks

World News Damilola Bayonle -
Brent crude price fell sharply on Wednesday after U.S. President Donald Trump said negotiations with Iran were nearing completion,...

OPEC+ plans May output increase but global supply disruptions threaten impact

Business Damilola Bayonle -
Global oil markets are entering a period of heightened volatility as producers attempt to stabilise supply amid deepening geopolitical...

Global oil shock: OPEC abandons production freeze plan as supply crisis deepens

Business Damilola Bayonle -
OPEC Production Freeze Plan Unrealistic as Supply Disruptions Deepen Global Oil Crisis The OPEC production freeze plan for the first...

OPEC+ raises oil quotas amid Middle East tension as Strait of Hormuz risks rattle global markets

Business Damilola Bayonle -
OPEC+ raises oil quotas amid Middle East tension as markets brace for volatility Global crude markets are on edge after...

Nigeria crude eyes $80 as US-Iran tensions shake global oil supply routes

Business Damilola Bayonle -
Nigeria crude eyes $80 as US Iran standoff rattles global supply Nigeria’s oil market is bracing for a potential revenue...

Nigeria set to launch Cawthorne crude grade as NNPC targets higher oil output

Business Damilola Bayonle -
NNPC begins export of new crude grade Nigeria’s state oil company has confirmed plans to expand its crude export portfolio...

Nigeria misses OPEC target for six straight months, loses N1.76tn in potential oil revenue

Business Damilola Bayonle -
Nigeria loses N1.76tn after missing OPEC target amid production shortfalls Nigeria’s oil-dependent economy forfeited an estimated N1.76tn in potential revenue...

Nigeria falls short of OPEC oil target again as January output drops to 1.48mbpd

Business Damilola Bayonle -
Nigeria misses OPEC oil production quota for sixth straight month Nigeria misses OPEC oil production quota for sixth straight month,...

Historic Shift: Nigerian firms overtake multinationals in oil output after 70 years

Business Damilola Bayonle -
Nigeria’s oil and gas industry is undergoing its most significant structural shift in seven decades, as indigenous oil companies...

OPEC+ pauses oil output hike: Global markets face surplus & Venezuela shock

Business Damilola Bayonle -
Global Energy Markets React as OPEC+ Pauses Oil Output Hike Amid Surplus Concerns and Venezuela Uncertainty The Organisation of Petroleum...

OPEC confirms Nigeria 1.5mbpd oil quota for 2026: Boosting stability and global confidence

Business Damilola Bayonle -
The Organisation of Petroleum Exporting Countries (OPEC) has confirmed that Nigeria’s crude oil production quota will remain at 1.5...

Venezuela calls on OPEC to counter rising US pressure

World News Emmanuel -
Venezuela calls on OPEC as President Nicolás Maduro urges the oil-producing bloc to help shield his country from what...