Nigeria experienced a significant decline in crude oil production to 1.25 million barrels per day (bpd) in May 2024, according to the Organisation of Petroleum Exporting...
Saudi Arabia said on Monday it was extending a voluntary oil production cut of one million barrels per day, and Russia said it was slashing exports...
Russia’s top energy official said Monday that Moscow will voluntarily cut oil exports by 500,000 barrels per day, building on previously announced production cuts. “As part...
Late Dr. Muhammed Barkindo The Secretary-General, Organisation of the Petroleum Exporting Countries (OPEC), Dr. Mohammed Barkindo, is dead. Mallam Mele Kyari, Group Managing Director, Nigerian National...
Estimated to hold 37 billion barrels of proven oil reserves, Nigeria is the second biggest oil-rich country in Africa, after Libya. The exploitation of these resources...
After a year of rebound and recovery, Africa’s old and new hydrocarbons markets have an opportunity to further entrench the continent’s position as the world’s hottest...
The Republic of the Congo has suffered dearly during the oil collapse; and Congolese President Denis Nguesso has pledged that the country would no longer be...