OPEC Archives

OPEC+ Approves Fresh Oil Output Increase as Middle East Tensions Ease

Seven members of the OPEC+ alliance agreed on Sunday to raise their oil production quotas again, signalling confidence in improving conditions across the Gulf following months of disruption caused by the Middle East conflict. In a statement issued after a virtual meeting, Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman announced a combined production […]

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July 5, 2026
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Breaking News

OPEC+ increases production quotas for July

OPEC+ ministers decided Sunday to increase oil quotas by a total 188,000 barrels per day for July, in a move analysts said would be unlikely to have an impact on prices sent higher by the Mideast war. Jorge Leon, analyst at Rystad Energy, said ahead of the expected increase that it “means very little while […]

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June 7, 2026
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Economy

Nigeria Misses OPEC Production Quota Again

An Image of OPEC logo on a tank Nigeria has again failed to meet its 1.5 million bpd crude oil production quota approved by the Organization of the Petroleum Exporting Countries (OPEC). In its National Liquid Hydrocarbon Production Report released on Tuesday, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) disclosed that average daily crude oil […]

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May 13, 2026
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We Can See Some Light At

Kwankwaso To Join ADC On Monday

God doesn’t listen to prayers of

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Tag: OPEC

OPEC+ Approves Fresh Oil Output Increase as Middle East Tensions Ease

OPEC+ increases production quotas for July

Nigeria Misses OPEC Production Quota Again

Vitafoam Boosts Practical Science Education with LASUED Lab.

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