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From volumes to sweet grades, Nigeria cedes market to US
Sopuruchi Onwuka The United States of America, once the key destination of Nigeria’s light sweet crude oil prized in the market for high yield of transportation fuels, is now the nemesis of mainly West African producers of the same grade…
Nigeria records 39kbd rise as OPEC+ overpumps by 53 kbd in June
Sopuruchi Onwuka Nigeria’s total crude oil output in the month of June increased by 39,000 barrels per day, according to estimates by Rystad Energy which tracks crude oil trade among producers, traders and refineries across the world. The increase in…
Nigeria missing in 2024 frontier exploration programmes __Rystad
Sopuruchi Onwuka Nigeria which has the most developed petroleum exploration and production plays in Africa is missing in new exploration drilling campaigns mapped by world’s biggest operators in the continent; highlighting the persisting investment apathy by distraught players protesting stringent…
Nigeria, Angola pushing back against lower OPEC+ quota
OPEC+ is no closer to resolving the deadlock over oil-output quotas for some African members that has already forced the group to delay a critical meeting amid faltering prices, according to delegates. The Saudi-led alliance hasn’t been able to reach…
OPEC+ assigns Nigeria 1.718 mbd output in March
Keeps production rate in lane Sopuruchi Onwuka Nigeria is to pump her crude oil grades to the international markets at daily rate of 1.718 million barrels (1.718 mbd) in March, according to the new production quota released by the 23…
