Analysts expect higher oil prices The Organisation of Petroleum Exporting Countries and its allies, (OPEC+), yesterday, agreed to slash its crude production target by two million barrels a day (bpd) from November, the biggest cut since the group reduced quotas by 9.7mn b/d at the start of the Covid-19 crisis in 2020. The coalition has […]
Nigeria's crude oil production fell below 1 million barrels per day (bpd) in August, figures from its regulator show, as the nation grappled with rampant theft from its pipelines and years of underinvestment.
The Federal Government has warned that it would no longer condone any form of criminality on the nation's oil and gas facilities and installations, saying that crude oil thieves