Nigeria’ll meet OPEC quota by May 2023 – Sylva

December 6, 2022 Benjamin Umuteme 0

Minister of State Petroleum Resources Chief Timipre Sylva has said that Nigeria will continue to work very hard to ensure that it meets its Organisation of Petroleum Exporting Countries (OPEC) crude oil production quota of 1.8 million bpd by the end of May 2023. According to a statement by Senior Adviser Media & Communications to the minister, Horatius Egua, Sylva Read More

prices erase 2022 gains as China’s protests spark demand worries

November 29, 2022 Editorial IV 0

Oil prices fell to near their lowest levels this year on Monday as street protests against strict COVID-19 curbs in China, the world’s biggest crude importer, stoked concern about the outlook for fuel demand. U.S. West Texas Intermediate (WTI) crude slid $2.39, or 3.1%, to $73.89 a barrel. It fell as far as $73.60 earlier, its lowest since Dec. 22, Read More