Auto Added by WPeMatico
Nigeria’s crude production reached a 74-month high last month, authorities said over the weekend, hitting an average of 1.56 million barrels per day, or 104 percent of its OPEC quota.
The post Nigeria oil output hits six-year high, above OPEC target appeared first on Vanguard News.
Nigeria’s oil production witnessed an upswing in May 2026, averaging 1,530,354 barrels of crude oil and 170,446 barrels of condensates per day, bringing the total combined production to 1, 700, 800 barrels per day and consolidating Nigeria’s position as Africa’s
The post Nigeria meets OPEC quota as production hits 11-month high appeared first on The Guardian Nigeria News – Nigeria and World News.
The Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+, have increased the oil production quota of member countries in a bid to stabilize the global oil market.
The post OPEC+ increases oil production quota to stabilize market appeared first on Vanguard News.
New trade routes and tanker movements could emerge as the UAE targets new markets more aggressively, reshaping global oil logistics
The post 10 things to expect after UAE exits OPEC appeared first on Vanguard News.
“Restoring damaged energy assets to full capacity is both costly and takes a long time, thereby affecting overall supply availability,” the countries said in a joint statement after an online meeting.
The post OPEC+ warns of cost of repairing energy assets in middle east appeared first on Vanguard News.