Iraq Pushes OPEC for Higher Oil Quota, Cites War Damage and Production Strains
Iraq has called on the Organization of the Petroleum Exporting Countries (OPEC) to increase its oil production quota, citing the ...
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Tag: #OPEC
Nigeria Exceeds OPEC Quota as Crude Oil Production Hits 11-Month High
Nigeria’s crude oil production surpassed its Organisation of the Petroleum Exporting Countries (OPEC) quota in May 2026, reaching its highest ...
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Nigeria’s Oil Output Rises to 1.663 Million bpd in April
Nigeria recorded a strong rebound in oil production in April 2026, with combined daily average crude oil and condensate output ...
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UAE Announces Exit from OPEC, OPEC+ Amid Rising Middle East Tensions
The United Arab Emirates has announced it will withdraw from the OPEC and OPEC+ oil alliances, marking a major shift ...
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Nigeria’s Crude Oil Output Remains Below OPEC Quota Despite March Rebound
Nigeria’s crude oil production remains below the quota allocated by the Organization of the Petroleum Exporting Countries (OPEC), despite recording ...
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Nigeria to Launch New “Cawthorne” Crude Grade in March to Boost Oil Output
Nigerian National Petroleum Company Limited has announced that Nigeria will begin exporting a new light, sweet crude grade called Cawthorne ...
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Nigeria Loses N1.76tn as Crude Output Falls Short of OPEC Quota
Nigeria’s oil sector lost an estimated N1.76tn in potential crude oil revenue after failing to meet its production quota set ...
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OPEC Eyes April Output Hike Amid Strong Prices, Peak Summer Demand
The OPEC is leaning towards resuming oil output increases from April, according to three OPEC+ sources, as the group positions ...
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Nigeria Misses OPEC Crude Oil Quota for Sixth Consecutive Month
Nigeria has failed to meet its 1.5 million barrels per day crude oil production quota approved by the Organization of ...
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Nigeria Ranks Lowest Among Top 10 OPEC Countries in Global Oil Reserves
Nigeria has been listed as the lowest on the ladder among the top 10 Organisation of Petroleum Exporting Countries (OPEC) ...
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Business 360 News is a Business and Financial News Platform with an SMEs drive. Published by 360 Network Limited, and created with the aim of disseminating unbiased business stories to readers within and outside Nigeria, providing in-depth analysis of our stories from a critical perspective against the backdrop of realities, actualities, objectivity and balance.