NUPRC reports 2.8m barrel drop in oil production for March

NUPRC reports 2.8m barrel drop in oil production for March

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) during the weekend confirmed the data from the Organisation of Petroleum Exporting Countries (OPEC), which showed a dip in Nigeria’s oil production for the second consecutive month this year. Information on crude drilling operations for March from the NUPRC indicated that production fell from 1.42 million barrels per…

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OPEC inspect data record as oil price falls by 8% of .17 per barrel

OPEC inspect data record as oil price falls by 8% of $97.17 per barrel

THE Organisation of Oil Petroleum Exporting Countries, OPEC, Wednesday, Insepected the production data of member states and allies as oil prices dropped by 8 per cent to $89.36 per barrel, from the $97.17 per barrel recorded last week. The organization, which reviewed the data at the just-concluded 50th Meeting of the Joint Ministerial Monitoring Committee,…

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