…condensates, stood at 1,500,190 barrels per day in August. It said the country met its OPEC quota for the fourth consecutive month, reflecting continued efforts by operators to restore affected production capacity and address operational bottlenecks. The latest increase followed the resolution of operational challenges…

…moved in the same direction. Murban crude climbed 4.04% to $95.75 per barrel, the OPEC Basket rose 1.06% to $87.31, and the Indian Basket gained 1.53% to $89.52 per barrel.Dangote Refinery opens petrol sales to all marketersEarlier, Legit.ng reported that Dangote Refinery has raised the pump-out price of petrol to N1,2…

…While Brent and WTI declined, Murban crude rose 4.04 per cent to $95.75 per barrel, the OPEC Basket increased 1.06 per cent to $87.31, while the Indian Basket rose 1.53 per cent to $89.52. The divergence between crude and domestic petrol prices could have significant implications for filling stations, motorists and the…

…Venezuela’s planned exit from the Organisation of the Petroleum Exporting Countries, OPEC. A crude oil market survey showed that Brent and West Texas Intermediate, WTI, dropped to $88.10 and $83.40 per barrel, respectively, on Saturday morning. This means that Brent and WTI prices dropped by 0.47% and 0.16%, respective…

…and other non-Arab nation to form the Organisation of Petroleum Exporting Countries, OPEC, aimed at controlling the production and price of crude oil. The measure succeeded in the short run. But, it backfired in the long run. Within weeks, the price of a barrel of crude which hitherto had hovered around 70 cents per ba…

…has positioned it as a reliable partner in preserving Nigeria’s economic backbone. OPEC quota met Nigeria met its OPEC production quota for the third straight month in July, producing a combined 1.67 million barrels per day of crude oil and condensate, the NUPRC said. NUPRC data showed that crude oil output averaged 1.…

…adding that such collaboration will help Nigeria increase production and meet its OPEC quota. Chairman of the state traditional rulers council and Ibenanowei of Ekpetiama clan, King Bubaraye Dakolo (Agada IV), commended PINL for contributing to peace and stability in the Niger Delta through its stakeholder engagement,…

…day by July 2026. It said the latest output was equivalent to 104 per cent of Nigeria’s OPEC quota. The increase in production is significant for government revenue because crude oil remains the country’s largest source of foreign exchange and a major contributor to public finances. The NRS also pointed to developments…

…states, under the auspices of the late E.K. Clark-led South-South Peoples Conference (SSOPEC), convened a meeting to ascertain the details of the Amnesty offer extended to the militants. We sought to understand its contents should they eventually accept it. Present at the gathering were former Governor Victor Attah, Br…

…to $82.83 per barrel, while Murban crude climbed 2.47 per cent to $83.78 per barrel. The OPEC Basket also appreciated by 0.94 per cent to $84.17 per barrel. Meanwhile, gasoline futures edged up to $3.391 per gallon, reflecting sustained demand for refined petroleum products in the international market. The rally in cru…

…per day, 104 per cent of Nigeria’s Organisation of Petroleum Exporting Countries (OPEC) production quota of 1.5 million bpd, and the highest crude figure recorded since April 2020. The month-on-month trajectory is equally telling. Output has risen consecutively from 1.62 million bpd in January to 1.48 million bpd in Fe…

…lifelong ambition of becoming President of the United States. It was Mary. Mary Jo Kopechne. She was the young woman who died after Kennedy’s car plunged from a narrow bridge on Chappaquiddick Island in July 1969. Kennedy escaped from the submerged vehicle, but he did not report the accident until the following morning…

…Recovers 4.69 Million Litres of Stolen Crude, Refined Products as Nigeria Exceeds OPEC Production Quota By Kingsley Omonobi The Nigerian Navy says it dismantled 48 illegal refinery sites, recovered about 4.698 million litres of stolen crude oil and illegally refined petroleum products, and arrested more than 91 suspec…

…to around $72 per barrel amid easing geopolitical tensions, increased production by OPEC+ members and concerns over slowing global demand before rebounding to $76 on Sunday and surging to nearly $85 on Tuesday. Market analyst Olufemi Idowu, Partner at Kreston Pedabo, said the renewed conflict has restored a significant…

Nigeria has again surpassed its OPEC-mandated production ceiling for the second consecutive month, with June crude oil output soaring to an average of 1.56 million barrels per day (mbpd). This production volumes represents a 104 percent of the country’s 1.5 mbpd OPEC quota and marks Nigeria’s highest strict crude produ…

…by our intelligence forces from my Abuja residence in 2015," she alleged. The former OPEC president also criticised both Nigerian and British authorities for their handling of the case, arguing that investigations involving politically exposed individuals should be conducted with greater caution and fairness. "There's…

…and was the first female president of the Organization of Petroleum Exporting Countries, OPEC. She was first arrested in 2015 but not charged until 2023. According to prosecutors, she received kickbacks from oil tycoons with government contracts, including £2 million worth of goods from Harrods, chauffeur-driven cars,…

…as Nigeria's oil minister between 2010 and 2015 and was the first female president of OPEC, said: "When your freedom is taken away from you...it has a very deep impact upon you psychologically. "I knew that I had never done anything nefarious and I had never done any of the heinous things I was being accused of doing,"…

UK law enforcement destroyed my reputation and integrity, ex-Nigerian oil minister tells BBC19 June 2026Steve SwannSociety reporterBBCDiezani Alison-Madueke was the first female president of the oil exporters' group OpecBBC Africa podcastsFocus on AfricaThis Is AfricaNigeriaAfricaNigeria oilOil & Gas industry

…in peace negotiations, fresh supply disruptions, or unexpected production cuts by OPEC and its allies could trigger upward price movements, the prevailing market outlook remains relatively stable to bearish." The association identified continued implementation of the U.S.-Iran peace agreement, increased crude oil expor…