OPEC on Wednesday stuck to its forecast for relatively strong growth in global oil demand in 2025, saying air and road travel ...

OPEC oil output fell in January for a second month, a Reuters survey found, as a drop in exports from Nigeria and Iran offset a rebound from the United Arab Emirates where field maintenance had curbed ...

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 ...

In January, overall OPEC crude-oil production fell by 121,000 barrels a day to 26.68 million barrels a day. UAE production fell by 37,000 barrels a day to 2.9 million barrels a day, while Nigerian ...

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 ...

Oil was steady after the OPEC report was released with Brent crude trading lower towards $76 a barrel. The IEA sees 2025 demand growth at 1.05 million bpd, lower than OPEC, although the gap ...

The cartel stuck to its oil-demand forecast after reaffirming plans to gradually hike output from April, but said Trump’s ...

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 ...

added 0.05% to settle at $74.66 per barrel. Weekly losses, however, stood at 2.83% for Brent and 4.13% for WTI. On Friday, Trump intensified his call for OPEC to cut oil prices, tying it to the ...

Nigeria has, for the first time, met the Organisation of Petroleum Exporting Countries’ (OPEC) crude oil production quota of 1.5 million barrels per day (bpd), marking a significant milestone in ...