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No need for extra OPEC+ supplies amid Iran talks, Nigeria says

Reading Time: 2 minutes Image Credits: REUTERS/Ahmed Yosri. In picture above: Nigeria’s Minister of State for Petroleum Resources, Chief Timipre Sylva speaks during the Saudi Green Initiative Forum to discuss efforts by the world’s top oil exporter to tackle climate change in Riyadh, Saudi Arabia, October 23, 2021. REUTERS/Ahmed Yosri There is no need for OPEC+ to expand its Read More…

Business Oil & Gas Top Story

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…

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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…