OPEC Archives - The Glitters Online

OPEC+ Raises Quotas Again As Middle East Calms

Kazeem Tunde — Sun, 05 Jul 2026 16:28:19 +0000

OPEC+ Raises Quotas Again As Middle East Calms Seven OPEC+ members decided on Sunday to again raise oil production quotas as Gulf countries reel from the Middle East war. Ministers from key OPEC+ countries Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman met virtually on Sunday and “decided to implement a production adjustment […]

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OPEC+ Hikes Oil Production Quotas

Kazeem Tunde — Sun, 03 May 2026 18:58:06 +0000

OPEC+ Hikes Oil Production Quotas Saudi Arabia, Russia and five other OPEC+ countries increased their oil production quota on Sunday in an expected move aimed at demonstrating continuity at the cartel after the shock withdrawal of the United Arab Emirates. The seven major producers will add 188,000 barrels per day to their total production […]

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Nigeria Sustains Oil Production Above OPEC Quota

Kazeem Tunde — Mon, 18 Aug 2025 05:12:36 +0000

Nigeria Sustains Oil Production Above OPEC Quota Nigeria’s average daily crude production rose to 1,507,000 barrels per day in July, according to a report by the Organisation of the Petroleum Exporting Countries. This is a 7,000-barrel-per-day increase above the quota approved for Nigeria by OPEC. The latest oil output figures indicate that the country […]

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OPEC Cuts Global Oil Demand Growth Forecasts Over U.S. Tariffs

Kazeem Tunde — Tue, 15 Apr 2025 12:18:41 +0000

OPEC Cuts Global Oil Demand Growth Forecasts Over U.S. Tariffs The Organisation of the Petroleum Exporting Countries on Monday slightly cut its forecast for oil demand growth, citing the impact of US tariffs on the world economy. A report by Reuters quoting the OPEC Monthly Oil Market Report for April said the Secretariat now […]

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OPEC Appoints Nigeria’s Adeyemi-Bero Board Of Governors’ Chairman

Kazeem Tunde — Tue, 10 Dec 2024 19:10:46 +0000

OPEC Appoints Nigeria’s Adeyemi-Bero Board Of Governors’ Chairman Nigeria has reaffirmed its leadership in the global energy sector with the appointment of Mr Ademola Adeyemi-Bero, Nigeria’s Governor for the Organisation of the Petroleum Exporting Countries, as Chairman of the Board of Governors for 2025. A statement published on OPEC’s website noted that his appointment […]

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OPEC+ Postpones Meeting On Oil Output To December 5

Kazeem Tunde — Thu, 28 Nov 2024 11:41:29 +0000

OPEC+ Postpones Meeting On Oil Output To December 5 The OPEC+ alliance of major oil-producing nations has postponed a weekend meeting to December 5, 2025, in what analysts said were signs of disagreement among the group over plans to increase output. The 22-member OPEC+ group led by Saudi Arabia and Russia was due to […]

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Nigeria’s Oil Production Drops Again, Now 1.23mbpd – OPEC

Kazeem Tunde — Fri, 12 Apr 2024 10:37:21 +0000

Nigeria’s Oil Production Drops Again, Now 1.23mbpd – OPEC Nigeria’s crude oil production witnessed the second consecutive monthly decline since the beginning of this year, as it dropped to 1.231 million barrels per day in March, the Organisation of Petroleum Exporting Countries stated on Thursday. OPEC disclosed this in its latest Monthly Oil Market […]

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Nigeria Has Made Positive Contributions To OPEC – Secretary-General

Kazeem Tunde — Thu, 29 Feb 2024 19:20:46 +0000

Nigeria Has Made Positive Contributions To OPEC – Secretary-General The Secretary General of the Organisation of the Petroleum Exporting Countries (OPEC), Haitham Al-Ghais, said Nigeria had made positive contributions to the organisation since becoming a member in 1971. Al-Ghais said this in an interview with newsmen on the sidelines of the ongoing 7th Nigeria […]

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Angola Leaves OPEC In Blow To Oil Producer Group

Kazeem Tunde — Fri, 22 Dec 2023 11:52:37 +0000

Angola Leaves OPEC In Blow To Oil Producer Group Angola said it would leave OPEC in a blow to the Saudi-led oil producer group that has sought in recent months to rally support for further output cuts to prop up oil prices. Angola’s Oil Minister Diamantino Azevedo said the Organization of the Petroleum Exporting […]

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Nigeria Loses N101bn Worth Of Crude Oil- OPEC

Kazeem Tunde — Fri, 12 Aug 2022 05:10:36 +0000

Nigeria Loses N101bn Worth Of Crude Oil- OPEC Nigeria’s crude oil production plunged by 2.3 million barrels in July 2022 when compared to what the country produced in the preceding month of June, data from the Organisation of Petroleum Exporting Countries showed on Thursday. In its latest Monthly Oil Market Report for August 2022, […]

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