Nigeria surpasses OPEC quota as production hits 11-month high
WorldStage-- Nigeria’s oil production witnessed an upswing in May 2026, averaging 1,530,354 barrels of crude oil and 170,446 barrels of ...
Tag: OPEC
UAE exits OPEC amid Middle East tensions
By Abiodun Folarin WorldStage-- In a dramatic twist in the global energy architecture, the Organization of the Petroleum Exporting Countries ...
OPEC+ warns of cost of repairing energy assets in Middle East
Eight countries forming the core of the OPEC+ group of oil producers have voiced concern over Iran’s attacks on energy ...
OPEC+ to raise oil output in April
The Organisation of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, on Sunday decided to ...
OPEC+ to continue to increase oil output in October
The Organisation of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, has decided to ramp ...
Nigeria’s oil production rises above OPEC quota by 5mbpd in June
Nigeria has in June exceeded its Organisation of the Petroleum Exporting Countries (OPEC) quota of 1.5 million barrels per day ...
Nigeria: FG challenges oil and gas stakeholders to shore up production to meet OPEC quota
WorldStage Newsonline-- Oil and gas stakeholders in Nigeria have been advised to collaborate to meet the quota approved by the ...
OPEC maintains global oil demand forecasts for 2025, 2026
The Organisation of the Petroleum Exporting Countries (OPEC) announced on Wednesday that it will maintain its previous forecasts for global ...
Nigeria boosts crude oil production by 54,000 bpd to 1.539mbpd in January – OPEC
WorldStage Newsonline-- The Organisation of Petroleum Exporting Countries (OPEC) has reported that Nigeria’s average daily crude oil production has increased ...
OPEC downgrades 2025 forecast for U.S. oil
OPEC has downgraded the forecast for the U.S. oil and condensate production in 2025 by 50,000 barrels per day. Now ...
