By Jemimah Wellington, JKNewsMedia Correspondent EXIT FROM the Organisation of Petroleum Exporting Countries (OPEC) and the wider Organization of the Petroleum Exporting Countries Plus (OPEC+) alliance will take effect on May 1, the United Arab Emirates (UAE) announced on Tuesday. JKNewsMedia.com reports that the decision was disclosed throug...
By Ajibola Olaide, JKNewsMedia Reporter GLOBAL OIL demand is expected to remain steady through 2026, with the Organisation of the Petroleum Exporting Countries (OPEC) reaffirming its growth projections in its latest monthly oil market report. The group said it anticipates a 2.9percent increase in 2025 and 3.1 per cent in 2026, with both years...
By Joke Kujenya NIGERIA’s DAILY crude oil production climbed to 1.3 million barrels per day (bpd) in July, according to the Organisation of Petroleum Exporting Countries (OPEC). This increase, reported in OPEC’s monthly oil market update on Monday, reflects data provided directly by Nigerian officials. The report highlighted a 2.36 perce...
