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Nigeria still lagging in oil production capacity as OPEC+ agrees oil output increase from February

Reading Time: 2 minutes Image Credits: REUTERS/Dado Ruvic. Even with Nigeria struggling to recover from its oil production incapacities, OPEC+ agreed on Tuesday to stick to its planned increase in oil output for February. This is because it expects the Omicron coronavirus variant to have a short-lived impact on global energy demand. The group of producers comprising the Organization Read More…

Business Oil & Gas Top Story

OPEC+ resumes talks after February split on oil output

Reading Time: 2 minutes Image Credits: TOTAL. OPEC+ resumes debate on Tuesday after talks stumbled over February policy, as Russia led calls for higher output while others suggested holding or even cutting production due to new lockdowns. Debate resumes at 1430 GMT after the group, which combines OPEC and other producers including Russia, failed to find a compromise on Read More…