OPEC Chairman Urges Nigeria to Stop Crude Exports, Prioritise Local Refining
OPEC Chairman Adeyemi-Bero calls on Nigeria to end decades of crude oil exports. Says domestic refining will strengthen the naira and boost GDP. Warns failure to shift from export-driven to…
OPEC Set to Reduce Nigeria’s Oil Output Percentage
The Organisation of Petroleum Exporting Countries(OPEC+) and its allies have decided to reduce Nigeria's oil output, excluding condensate, by 20.7 per cent to over one million (1.38m) barrels per day…
Nigeria’s Crude Oil Production Increases to 1.41mbpd
Nigeria's crude oil production reached 1.418mbpd in December 2023. The increment was reported by the Organisation of the Petroleum Exporting Countries (OPEC) in their Monthly Oil Market Report for January…
Nigeria Should Exit OPEC to Mitigate Fuel Price Hikes – Lawmaker
George Ibezimako Ozodinobi, a member of the House of Representatives from the Labour Party, urged the Nigerian government to withdraw from the Organisation of Petroleum Exporting Countries (OPEC) in response…
Dangote Refinery’s Petrol Production Impacts European Market – OPEC
The Organisation of the Petroleum Exporting Countries (OPEC) reports that the Dangote Petroleum Refinery's efforts to increase petrol production are impacting the European petrol market. The refinery, which began operations…