…Nigeria to cut targeted production by 313,000bpd Oil prices rose on Wednesday to their highest since February 2020 after Saudi Arabia agreed to reduce output more than expected in a meeting with allied producers, while industry figures showed U.S. crude stockpiles were down last week. Brent crude rose as much […]
Tag: CRUDE OIL
NNPC Produces 218.37billion Cubic Feet (BCF) of Natural Gas in March
Nigerian National Petroleum Corporation (NNPC) has said that 218.37billion Cubic Feet (BCF) of natural gas was produced in March 2020, translating to an average daily production of 7493.65Million Standard Cubic Feet per Day (mmscf/d). This was contained in NNPC Monthly Financial and Operations Report for March, 2020, a release by […]
OPEC likely to defer output policy decision until June
By OLATUNDE DODONDAWA OPEC and its partners are unlikely to decide on their output policy in April as it would be too early to get a clear picture of the impact of their supply cuts on the market by then, three OPEC sources said on Monday. The sources said […]