Angola has overtaken Nigeria to emerge top African crude oil producer for the month of April 2023. This is according to direct communication data in the April 2023 monthly oil market report from the Organisation of Petroleum Exporting Countries (OPEC). In the report, Angola recorded 1.06 million barrels per day of crude production in April 2023. Meanwhile, Nigeria recorded 999,000 …

After an initial rise in oil price earlier in the week, prices inched lower yesterday as the market weighed worsening economic prospects against expectations of United States crude inventory declines and plans by OPEC+ producers to reduce output. Opec+ is a group of 23 oil-exporting countries which meets regularly to decide how much crude oil to sell on the world …

Hours after being received by President Muhammadu Buhari at the State House on Tuesday, the Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Dr Muhammad Sanusi Barkindo, is dead. He died at about 11 pm on Tuesday. He was aged 63. His transition was announced in the early hours of Wednesday by the Group Managing Director of NNPC …