Factors that determine Nigeria’s Influence in OPEC
OPEC is a permanent intergovernmental organization of oil-exporting developing nations that coordinates and unifies the petroleum policies of its Member Countries. OPEC seeks to ensure the stabilisation of…
OPEC’s monthly oil market report reveals Nigeria’s oil rig count dropped by 50%
The Organisation of Petroleum Exporting Countries, OPEC’s monthly oil market report (MOMR) reported that the number of oil rigs in Nigeria decreased by fifty percent between 2019 and…
Oil price falls to $86/barrel
Brent, the global crude benchmark, fell in price on Sunday, as virtually all oil grades saw lower prices on the first day of the week, despite efforts by…
OPEC Increases Nigeria’s Crude Oil Production Quota
OPEC Increases Nigeria’s Crude Oil Production Quota Organisation of the Petroleum Exporting Countries (OPEC) has announced it has increased Nigeria’s crude oil production quota from 1.766 million barrels…