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Iraq to curb oil exports to compensate for exceeding OPEC+ quota
19 Mar 2024 05:11 GMT
… compensate for exceeding its OPEC+ quota since January, the oil … Exporting Countries and allies (OPEC+), including Iraq, agreed to … , which provide data on OPEC+ production, reported Iraq… is rising from producers beyond OPEC+.
(Reporting by Ahmed Rasheed …
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Nigeria’s Functional Oil Drilling Rigs Increase To 16, Says Opec
17 Mar 2024 13:33 GMT
… February.
Figures released by OPEC has shown that the country … the production of crude.
OPEC data further indicated that the … approaching the oil production quota approved by OPEC.
Komolafe said, “275 … bpd, while the current OPEC quota is 1.5 million bpd …
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Nigeria's Oil Rig Count Hits 16, Boosting Crude Production: OPEC Reports
17 Mar 2024 07:14 GMT
… Organisation of Petroleum Exporting Countries (OPEC) in its March 2024 Monthly … Rig Operations
The analysis by OPEC reveals a consistent rise in … and potentially exceed its OPEC-approved oil production quota. Komolafe also shared …
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Nigeria’s functional oil drilling rigs rise to 16 – OPEC
17 Mar 2024 00:39 GMT
… has shown.
Figures released by OPEC indicated that the country’s … for the production of crude.
OPEC data showed that the country … approaching the oil production quota approved by OPEC.
“275 per cent … million bpd, while the current OPEC quota is 1.5 million bpd …
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OPEC Data Reveals 1.476 Million Barrels A Day Production By Nigeria In February
14 Mar 2024 13:12 GMT
… Organization of Petroleum Exporting Countries, OPEC, has revealed that Nigeria … theft rings.
According to OPEC data, the country’s … to produce to its quota in the OPEC+ agreement.
The combination … crude oil production in the OPEC+ alliance.
Oil theft and …
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OPEC+ countries exceed oil production plan in Feb by 420,000 bpd - IEA
14 Mar 2024 10:22 GMT
… March 14 (Interfax) - OPEC+ countries exceeded planned oil production … said.
Production from 18 quota producers in February was 420 … targets.
Production in 12 OPEC member countries increased 140,000 … million bpd, while non-OPEC countries reduced production 50, …
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Spotlight shifts to oil demand as OPEC+ move clears the air on supplies
14 Mar 2024 05:16 GMT
… end of June. The quotas were originally scheduled to expire … . However, compliance to quotas within the OPEC+ alliance has been a … pledged. Assuming continuous efforts by OPEC+ countries to manage their … allow the alliance to lift quotas and claw back market …
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Oil price news: Oil slips as OPEC supply cuts stall out, U.S. inflation persists
13 Mar 2024 23:53 GMT
… . inflation whipsawed wider markets and OPEC said its latest supply cuts … , OPEC’s monthly report said Iraq produced more crude than its quota … by bullish and bearish dynamics. OPEC+ supply cuts have been offset …
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Oil Prices Surge to Four-Month Highs Amid Geopolitical Tensions
18 Mar 2024 19:07 GMT
… energy markets amidst geopolitical uncertainties.
OPEC+ Cuts and Supply Disruptions Influence … oil supply this year. OPEC+ nations, including OPEC and allies like Russia … reducing shipments to comply with OPEC+ quotas. Similarly, Saudi Arabia witnessed a …
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Nigeria now major destination for Europe’s refined crude oil – Report
15 Mar 2024 02:23 GMT
… meet its monthly crude production quota of 1.5mbpd as stipulated … Organisation of Petroleum Exporting Countries (OPEC) as the country’s crude … in its 2024 budget while OPEC pegged its production at 1 … meet neither its target nor OPEC’s quota as it could only …