This is about 39,000 barrels above the 1.5mbpd set for the oil-producing country by OPEC. The PUNCH reports that Nigeria failed to meet the crude oil production quota approved by OPEC throughout ...

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

OPEC’s latest monthly report confirmed that Iran’s heavy crude oil price rose from $73 per barrel in December to $79.65 in January 2025. The average price of Iran’s heavy crude in 2024 was recorded at ...

Trump cannot command US oil to "drill baby, drill" as they will act in their own self interest. Likely, US oil will verbally ...

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 ...

In January, Nigeria made real its focus to ramp up oil production, raising average daily crude output to 1,538,697 barrels per day, which is 103 per cent of the OPEC quota. This is also about ...

A weak dollar and geopolitical problems are fueling the speculative bubble in oil markets which should be trading at around half the current price of a barrel said on Monday, OPEC President Chakib ...

Oil and gas industry globally ... inability of the country to meet its OPEC given quota that led to the reduction of the quota from 1.8 million barrels a day to the present 1.5 million which ...

Recall that in December 2024, Nigeria met the crude oil production quota of the OPEC by 98.97 per. The cartel’s average daily quota for the month was 1.5million barrels per (mb/d) of crude oil.

1 Barrel ≈ 0,136 Tonnes of Crude Oil Oil (WTI) Price Per 1 Ton 530.59 USD 1 Barrel = 42 Gallons Oil (WTI) Price Per 1 Gallon 1.72 USD 1 Barrel ≈ 158,98 Liters Oil (WTI) Price Per 1 Liter 0.45 ...