Libya | Doowe Gas

Nigeria plans to boost oil output as price hits $65

Less than two weeks after the Organisation of Petroleum Exporting Countries (OPEC)’s decision to extend oil production cuts, Nigeria and Libya are planning to raise output next year. Oil price has hit $65, the highest in 30 months. Brent crude...

December 13, 2017

Uncategorized

OPEC to ask Nigeria, Libya to cut oil production

Indications have emerged that Libya and Nigeria, both oil producing nations exempted from production cut agreement reached by the Organisation of Petroleum Exporting Countries, OPEC, may be asked to cap their crude output soon. Kuwait Oil Minister, Issam Almarzooq, said...

July 12, 2017

Uncategorized

Global Oil Supply Concerns Mount As Libya, Nigeria Gain Traction

While the whole world talks about how the global supply glut needs to come down, oil production is actually expected to increase, and soon, says a new report from Platts. The OPEC production survey released by Platts on Thursday said that Libya...

July 7, 2017

Green Post

Excess crude supply may affect Nigeria’s output

Nigeria’s oil production and 2017 budget implementation could be hampered by the lull in global oil market, as crude price dropped to around $40 per barrel. Global benchmark crude, Brent, has remained below $47 per barrel this week, while OPEC...

June 24, 2017

Green Post

Nigerian crude oil exports threaten market balance

Oil export operations in Nigeria are back in service following repairs, a division of Royal Dutch Shell said, adding to lingering supply-side concerns. A spokesperson for the Shell Petroleum Development Company of Nigeria Ltd said the company lifted force majeure,...

June 8, 2017

Green Post

OPEC Production Spikes – Has The Cheating Begun?

OPEC’s crude oil production increased by 270,000 bpd in May over April, to stand at 32.12 million bpd–the highest level since January this year–as exempt Libya and Nigeria saw their respective output sharply recovering, according to an S&P Global Platts...

June 7, 2017

Green Post

‘Nigeria’s oil output will remain low’

Nigeria’s oil production would remain down throughout the first quarter of 2018, if the restiveness in the Niger Delta region is not addressed, the United States Energy Information Administration (EIA) has warned. The agency, in a report on its website,...

June 5, 2017

Green Post

UPDATE 1-Nigeria’s June oil exports poised to hit 15-month high on Forcados plan

Nigeria issued its first Forcados oil loading plan since 2016, putting the nation’s June oil exports on track to hit their highest level in at least 15 months. The plan, if realised, would return loadings by Nigeria, normally West Africa’s...

June 3, 2017

Green Post

Nigeria’s oil production rose by 274,000 barrels per day in April – OPEC

Crude oil production in Nigeria rose by 274,000 barrels per day in April, the Organisation of Petroleum Exporting Countries, OPEC, said on Thursday. The increase, OPEC said, represents the biggest increase among countries within the oil producers’ group. According to...

May 12, 2017

Tag: Libya

Nigeria plans to boost oil output as price hits $65

OPEC to ask Nigeria, Libya to cut oil production

Global Oil Supply Concerns Mount As Libya, Nigeria Gain Traction

Excess crude supply may affect Nigeria’s output

Nigerian crude oil exports threaten market balance

OPEC Production Spikes – Has The Cheating Begun?

‘Nigeria’s oil output will remain low’

UPDATE 1-Nigeria’s June oil exports poised to hit 15-month high on Forcados plan

Nigeria’s oil production rose by 274,000 barrels per day in April – OPEC

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