Tag: OPEC

Carbon Emissions Distribution News West Africa

Nigeria’s Oil Price Reaches $71 Amid OPEC+ Output Talks

September 8, 2025
Nwanneka Onyeukwu

Nigerian crude oil prices climbed above $71 per barrel this week, reflecting resilience despite global market…

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Libya Reopens Oil Fields, Investors Take Notice

September 2, 2025
Nwanneka Onyeukwu

Libya’s oil revival is capturing the attention of energy markets. After years of volatility, Libya is…

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Iraq Nears Oil Independence with Refining Boost

August 26, 2025
Nwanneka Onyeukwu

Iraq’s oil independence is moving closer as the country rapidly expands its refining capacity. With production…

Carbon Emissions Distribution generation News Press Release Renewable Energy Renewables West Africa

Africa’s Refining Expansion Unlocks a US$100bn Business Boom

August 25, 2025
Nwanneka Onyeukwu

Africa’s refining sector expansion is reshaping the continent’s energy sector. By 2030, it will add 1.2…

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Angola’s Oil Output Falls Below 1mbpd Post-OPEC Exit

August 22, 2025
Nwanneka Onyeukwu

Angola’s oil output decline has raised serious concerns after production fell below 1 million barrels per…

Carbon Emissions News Prospects & Challenge Southern Africa

Angola’s Crude Output Dips Below 1 Million Bpd, Marking Post-OPEC First

August 22, 2025
Martins Eze

Angola failed to meet government forecasts for oil production in July as its crude output slipped…

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BP, Shell Sign New Deals to Explore Libyan Oilfields

July 9, 2025
Iseoluwa Asaolu

BP and Shell have signed agreements with Libya’s National Oil Corporation (NOC) to study the potential…

Carbon Emissions News Sustainable Development West Africa

FG to Withdraw Licences of Firms with Dormant Oil Fields

July 2, 2025
Martins Eze

The Federal Government of Nigeria has threatened to withdraw the licences of firms with dormant oil…

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IEA Reports Oil Oversupply, Signals Potential Price Drop

March 17, 2025
Iseoluwa Asaolu

The International Energy Agency (IEA) reports that crude supply exceeds demand by 600,000 barrels per day…

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OPEC Forecasts Surge in Global Oil Demand, Led by Asia and Transport Growth

March 13, 2025
Oshionameh Ajayi

The Organisation of the Petroleum Exporting Countries (OPEC) has confirmed its forecast for increasing global oil…