With growing competition from non-OPEC producers, the group may need to reassess its production strategy to avoid further ...

Mark Rachal, director of research and publications, explains how OPEC helped the United States become the world’s largest ...

World oil output without the US increased by 692 kb/d to 68,304 kb/d. November’s production is expected to increase by 238 kb ...

NEW DELHI, Feb 11 (Reuters) - (This Feb. 11 story has been corrected to specify OPEC decisions are aimed ... on the producer group to increase oil production to help reduce prices.

Nigeria’s crude oil production reached 1.5 million barrels per day (bpd), marking the first time it met its OPEC production quota since it was set at that level for the year. This achievement ...

Brazil’s government on Tuesday approved joining OPEC+, a group of major oil-exporting nations, signaling the country's ...

The Organisation of Petroleum Exporting Countries (OPEC) reports that Nigeria’s average daily crude oil production increased significantly to 1.539 million Barrels Per Day (bpd) in January.

In its February Monthly Oil Market Report, OPEC said the Dangote refinery could help stabilise the supply of petroleum products as it ramps up production. The $20bn refinery is currently ramping ...

THE Organisation of Petroleum Exporting Countries (OPEC), said Nigeria’s average daily crude oil production has increased significantly to 1.539 million Barrels Per Day (bpd) in January. According to ...

According to OPEC’s monthly oil market report, the country’s production increased by 3.6% from December’s output of 1.48 million bpd. This development solidifies Nigeria’s position as ...