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Bonny Light Sells Below FG’s Benchmark As OPEC+ Hikes Production
08 Sep 2025 18:20 GMT
… prices diminishes this advantage.
OPEC+ recently agreed to expedite … of the following year.
OPEC+ had previously committed to … year ahead of schedule. OPEC+ officials have previously offered … Licenses For $17bn
Nigeria has actively lobbied OPEC for a higher …
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Oil Prices Surge Amid Russia-Ukraine Conflict And OPEC+ Supply Cuts
08 Sep 2025 13:33 GMT
Global oil markets climbed sharply on Monday as intensifying Russia-Ukraine hostilities reignited fears of supply disruptions, compounded by a modest production increase from the Organisation of Petroleum Exporting Countries and its allies (OPEC+).
Brent …
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Nigeria faces economic strain as OPEC+ ramps up oil production
08 Sep 2025 13:20 GMT
… barrel levels next year.
OPEC+ had previously committed to … to finance economic diversification. Nigerian demand, driven by Dangote … boost production. Nigeria has actively lobbied OPEC for a higher … production.
Indian stuck on Nigerian Oil
Meanwhile, Indian Oil …
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W. Africa Crude-Asian tenders take Nigerian, other grades
08 Sep 2025 11:04 GMT
… Oil Corp bought cargoes of Nigerian Usan and Agbami crude, a … been deterred from posting offers. Nigerian Qua Iboe was last offered … , traders said this week.
An OPEC+ meeting on Sunday could add …
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Nigeria eyes Indian market as Trump pressures Modi on Russian oil
08 Sep 2025 10:35 GMT
… between Indian refiners and Nigerian producers.
Trump followed through … can absorb much of Nigeria’s domestic production, thereby … much.”
Ojowu notes that Nigerian oil production has significantly … produce under its OPEC quotes.
In practice, Nigeria may have …
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Nigeria faces oil sector struggles as OPEC+ prepares output increase
08 Sep 2025 07:15 GMT
The Organization of the Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+, have reached an … supply glut,” but cautioned that Nigeria must “fix domestic production leakages …
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NNPC Engages Petrobras in Strategic Talks to Bolster Foreign Investment in Nigeria’s Oil and Gas Sector
08 Sep 2025 07:05 GMT
… announced recently, signals Nigeria’s renewed commitment to … enhance Nigeria’s ability to meet its OPEC production … facilitate capacity building for Nigerian engineers, geologists, and … . Strengthening Downstream Operations
Nigeria’s downstream sector, …
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Indian Oil Corp Buys 2m Barrel Of Nigeria Crude As Crude Oil Falls On Signs Of Weak Demand
08 Sep 2025 06:19 GMT
… one million barrels each of Nigerian oil grades Agbami and Usan … supplies may grow further after OPEC and allied producers meet … that the eight members of OPEC will consider raising production … “It started falling with the OPEC story. The jobs report was …
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OPEC+ moves to boost oil output by additional 137,000bpd in October 2025 – Report
06 Sep 2025 21:26 GMT
The Organization of the Petroleum Exporting Countries (OPEC) and its allies, known collectively as OPEC+, have agreed … Bloomberg stated.
Why this matters
Nigeria’s average daily crude oil … reached export terminals, costing Nigeria billions of dollars in lost …
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Oil price falls to $66 per barrel ahead of OPEC+ meeting
06 Sep 2025 05:06 GMT
… of Petroleum Exporting Countries (OPEC) and its allies, … dead on arrival.”
Currently Nigeria’s oil production hovers … .
However, authorities in Nigeria continued to make frantic … amidst threat by the Nigerian Upstream Petroleum Regulatory Commission …