Founder of Heirs Energies, Tony Elumelu, has said Nigeria must ramp up oil production to generate revenue for economic ...

Nigeria's oil production, including condensate, rose by four per cent Month-on-Month (MoM) to 1.737 million barrels per day (bpd) in January 2025 compared to 1.667 million bpd recorded in December ...

The Chairman of Heirs Holdings, Mr Tony Elumelu, has stressed the need for increased oil production to fund Nigeria’s ...

Venezuela's oil output production fell 5% from May of 2022 ... Russia's output is expected to fall this year. OPEC insisted that strong demand and tight supply have led to a strong upward trend ...

Brazil has joined OPEC+ two years after the group extended ... Minister Alexandre Silveira described OPEC as “a forum for discussing strategies among oil-producing countries.

OPEC+ is unlikely to alter existing plans to raise output gradually when it meets today ... the sidelines of the Arab Energy Fund's 50th anniversary celebration in Riyadh, and were not a planned OPEC ...

In January, Nigeria made real its focus to ramp up oil production, raising average daily crude output to ... 103 per cent of OPEC quota (1.5 mbpd),” the NUPRC stated. For years, crude oil ...

Africa’s natural resources have long been a cornerstone of the global oil market reported by the Organisation of the ...

After rallying in January to start the year, they have sold off in February ... One wildcard for investors looking at the sector is that Russian oil output is likely ready to fall as sanctions ...

Iraq’s oil minister made a surprise announcement on Monday that exports from Kurdistan would resume next week.