Barely 24 hours after he was received by President Muhammadu Buhari on Tuesday in Abuja, Mohammed Barkindo, the 4th Organisation of Petroleum Exporting Countries (OPEC Secretary-General is dead. Group Managing Director of the Nigeria National Petroleum Corporation (NNPC), Mela Kyari, via his verified Twitter handled @MKkyari tweeted at 4:32: “We lost our esteemed Dr Muhammad … [Read more…]
The Organisation of Petroleum Exporting Countries (OPEC) has increased Nigeria crude oil quota from 1.772million barrels per day for June 2022 to 1.799million barrels per day in July 2022. According to the world’s oil supply governing body, the raise was by 27,000 barrels, translating to 3.4% increase in the month of July. The cartel disclosed … [Read more…]
The Organisation of Petroleum Exporting Countries on Tuesday kicked against calls for the discontinuation of investments in the oil and gas industry, describing such calls as dangerous. Secretary-General, OPEC, Sanusi Barkindo, spoke in a keynote address on ‘Global oil market dynamics in a decarbonising world’, at the 20th Nigeria Oil and Gas Conference … [Read more…]
Nigeria and several other members of the Organisation of the Petroleum Exporting Countries exceeded their oil production quotas in March, according to S&P Global Platts. Nigeria, which had also recently improved its compliance, saw a steady rise in its March exports. Nigeria produced 1.57 million barrels per day last month, a 30,000 bpd … [Read more…]