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U.S., Iran, deal weighs on Nigerian Crude, Obodo crude makes export debut
15 May 2025 14:03 GMT
… expectations indicate that Nigerian crude may settle even … , according to the Nigerian Upstream Petroleum Regulatory Commission … sharing contract with the Nigerian National Petroleum Company Limited … oversupply scenario, particularly as OPEC+ continues to ramp …
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Nigeria’s oil output falls to 1.486m bpd – OPEC
15 May 2025 08:42 GMT
… of Petroleum Exporting Countries, OPEC, disclosed this in its … Also, crudes prices, including Nigeria’s Bonny Light, yesterday, … However, the OPEC report coincides with the Nigerian Upstream Petroleum … a major achievement for Nigeria’s upstream sector, …
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BREAKING: Nigeria averages 1.486mbpd in April 2025 according to OPEC
15 May 2025 06:07 GMT
… s assessment.
Nigeria’s numbers
According to OPEC, Nigeria reported a … Cooperation (DoC) output, OPEC countries averaged 40.92mbpd … an agreement between OPEC and non-OPEC oil producers, including … The figures include condensates.
Nigeria also targeted an oil …
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OPEC expects slower 2025 oil supply growth
15 May 2025 05:52 GMT
… Price Movements
In April, the OPEC Reference Basket (ORB) value declined … from Kazakhstan, as well as Nigeria and Canada into the region … than the 2025 projection.
Source: OPEC
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OPEC Holds Steady On 2025 Global Oil Demand Forecast
14 May 2025 23:43 GMT
The Organization of the Petroleum Exporting Countries (OPEC) announced on Wednesday that it will maintain its previous forecasts for global oil demand growth in 2025 and 2026, signaling confidence in a steady recovery in consumption.
In its latest Monthly …
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OPEC Backs NUPRC’s Data As Nigeria’s Crude Production Rises
15 May 2025 00:02 GMT
…
This was contained in OPEC’s Monthly Oil Market Report … the data released by the Nigerian Upstream Petroleum Regulatory Authority … days ago posited that Nigeria’s oil production increased … of OPEC MOMR data showed that Nigeria, regained the OPEC member …
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OPEC revises down 2025 forecast for non-OPEC+ oil supply growth
14 May 2025 20:01 GMT
… from countries outside the OPEC+ coalition is now expected … pressure to improve compliance with OPEC+ quotas.
Kazakhstan’s … , the largest reduction within OPEC+, though the country remains … Libya, and Nigeria, also reduced output in April. OPEC+ had planned …
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OPEC: Nigeria retained position as Africa’s biggest oil producer in April
14 May 2025 17:59 GMT
The Organization of the Petroleum Exporting Countries (OPEC) says Nigeria retained its position as Africa’ … sourced from secondary sources, OPEC said Nigeria produced 1.47 million bpd … bpd quota set for Nigeria by the OPEC.
On May 12, Bayo …
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OPEC+ Production Fell in April Despite Pledge to Start Hiking Output
14 May 2025 16:17 GMT
… to begin easing their cuts.
OPEC+ producers Saudi Arabia, Russia, … in April, according to OPEC’s secondary sources.
Elsewhere … among the OPEC producers, declines in the … Venezuela, as well as in Nigeria, which frequently faces force …
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How Tantita Security Is Reviving Nigeria’s Oil Economy
14 May 2025 07:45 GMT
… , according to the Nigeria Extractive Industries Transparency Initiative … particularly as Nigeria struggled to meet OPEC production quotas … Tantita’s intervention, Nigeria’s production would have … model for tackling Nigeria’s other complex challenges …