According to the January 2024 MOMR, Nigeria remains the highest African oil-producing and exporting nation while Equatorial Guinea comes last with only 55,000 bpd.
“Angola’s stated production plan for 2024 is subject to verification by the three abovementioned sources by the next ordinary ONOMM to be held by the end...
A month later, Riyadh announced it was to take a further one million barrels off the market, a decision extended month by month until the end...
Although the Gasoline Associates Integrated International Refinery Project was licensed for 100,000 BPD, it will have the capacity for increased output with the goal of reaching...
“The committee will continue to closely assess market conditions noting the willingness of the DoC countries to address market developments and stand ready to take additional...
In addition to the requirement in a local content plan, there should be a mandatory requirement for a CSR plan and how the company intends to...
The statement said the Nigerian delegation was confident that the ongoing security intervention under the leadership of President Bola Tinubu would enable the restoration of country’s...
This is on the physical side of the oil market. On the financial side, we have been observing an accelerated trend in speculative trading, with investors...
“The global oil sector alone will need a cumulative investment of $12.1 trillion through to 2045. However, in recent years, we have heard calls from some...
The United States came out strongly against the OPEC+ output cut, which could prompt a further spike in fuel prices and consumer costs more broadly. “We...