• Advertise
  • Opinion
  • Features & Interviews
  • Investigation
  • Contact
Monday, September 25, 2023
  • Login
No Result
View All Result
NEWSLETTER
The Lagos Today
  • Home
  • News
    • Lagos News
    • National News
    • World News
  • Entertainment⚡ by CRAWL
    • All
    • Art & Design
    • Books
    • Movie
    • Music
    • Sports
    Tears as Nigerian Singer, Mohbad, is laid to rest in Lagos

    Mohbad’s Autopsy completed- Lagos Police

    Police exhumes Body of Mohbad for Autopsy

    Police exhumes Body of Mohbad for Autopsy

    Tears as Nigerian Singer, Mohbad, is laid to rest in Lagos

    Why we buried Mohbad quickly on his only land- Mohbad’s Father

    LASU Gets 13 New Governing Council Members

    Sanwo-Olu invites DSS to join Police investigation of Mohbad’s Death

    Tears as Nigerian Singer, Mohbad, is laid to rest in Lagos

    Lagos Police set up 13-Man Special Investigation Team to unravel Mohbad’s Death

    Former Super Falcons’ Captain, Oparanozie, retires from Professional Football

    Former Super Falcons’ Captain, Oparanozie, retires from Professional Football

    Tears as Nigerian Singer, Mohbad, is laid to rest in Lagos

    Tears as Nigerian Singer, Mohbad, is laid to rest in Lagos

    Onigbongbo ready to host 2023 Lagos Street Soccer Championship Finals- Chairman

    Onigbongbo ready to host 2023 Lagos Street Soccer Championship Finals- Chairman

    Fans lose hope over Indefinite Postponement of NPFL

    Fans lose hope over Indefinite Postponement of NPFL

    Rema’s Hit Single ‘Calm Down’ reaches 1bn Streams on Spotify

    Rema’s Hit Single ‘Calm Down’ reaches 1bn Streams on Spotify

  • Opinion
  • Business
  • Features & Interviews
  • Best Of Lagos
    Lagos welcomes The Art hotel: A flamboyant 5 star Business Boutique Hotel

    Lagos welcomes The Art hotel: A flamboyant 5 star Business Boutique Hotel

    THE LUXURY NETWORK NIGERIA ANNOUNCES NEW MEMBER, AFFINITY ART GALLERY

    THE LUXURY NETWORK NIGERIA ANNOUNCES NEW MEMBER, AFFINITY ART GALLERY

    THE LUXURY NETWORK NIGERIA HOSTS MEMBERS’ NETWORKING FORUM

    THE LUXURY NETWORK NIGERIA HOSTS MEMBERS’ NETWORKING FORUM

    Exploring Lagos’ Gastronomy With Chef Priyank Singh of Hard Rock Cafe

    Exploring Lagos’ Gastronomy With Chef Priyank Singh of Hard Rock Cafe

    Olu Oyinsan- Saying Yes To Founders At The Early Stage

    Olu Oyinsan- Saying Yes To Founders At The Early Stage

    A Rare Hobby: Sports Fishing In Lagos

    A Rare Hobby: Sports Fishing In Lagos

    Chef Nkesi- Experiencing Different Cultures Through Food

    Chef Nkesi- Experiencing Different Cultures Through Food

    Wumi Jubril: Creating Memorable Experiences

    Wumi Jubril: Creating Memorable Experiences

    Nordic hotel

    Nordic Hotel Makes Grand Debut in Lagos

  • Things To Do
  • Home
  • News
    • Lagos News
    • National News
    • World News
  • Entertainment⚡ by CRAWL
    • All
    • Art & Design
    • Books
    • Movie
    • Music
    • Sports
    Tears as Nigerian Singer, Mohbad, is laid to rest in Lagos

    Mohbad’s Autopsy completed- Lagos Police

    Police exhumes Body of Mohbad for Autopsy

    Police exhumes Body of Mohbad for Autopsy

    Tears as Nigerian Singer, Mohbad, is laid to rest in Lagos

    Why we buried Mohbad quickly on his only land- Mohbad’s Father

    LASU Gets 13 New Governing Council Members

    Sanwo-Olu invites DSS to join Police investigation of Mohbad’s Death

    Tears as Nigerian Singer, Mohbad, is laid to rest in Lagos

    Lagos Police set up 13-Man Special Investigation Team to unravel Mohbad’s Death

    Former Super Falcons’ Captain, Oparanozie, retires from Professional Football

    Former Super Falcons’ Captain, Oparanozie, retires from Professional Football

    Tears as Nigerian Singer, Mohbad, is laid to rest in Lagos

    Tears as Nigerian Singer, Mohbad, is laid to rest in Lagos

    Onigbongbo ready to host 2023 Lagos Street Soccer Championship Finals- Chairman

    Onigbongbo ready to host 2023 Lagos Street Soccer Championship Finals- Chairman

    Fans lose hope over Indefinite Postponement of NPFL

    Fans lose hope over Indefinite Postponement of NPFL

    Rema’s Hit Single ‘Calm Down’ reaches 1bn Streams on Spotify

    Rema’s Hit Single ‘Calm Down’ reaches 1bn Streams on Spotify

  • Opinion
  • Business
  • Features & Interviews
  • Best Of Lagos
    Lagos welcomes The Art hotel: A flamboyant 5 star Business Boutique Hotel

    Lagos welcomes The Art hotel: A flamboyant 5 star Business Boutique Hotel

    THE LUXURY NETWORK NIGERIA ANNOUNCES NEW MEMBER, AFFINITY ART GALLERY

    THE LUXURY NETWORK NIGERIA ANNOUNCES NEW MEMBER, AFFINITY ART GALLERY

    THE LUXURY NETWORK NIGERIA HOSTS MEMBERS’ NETWORKING FORUM

    THE LUXURY NETWORK NIGERIA HOSTS MEMBERS’ NETWORKING FORUM

    Exploring Lagos’ Gastronomy With Chef Priyank Singh of Hard Rock Cafe

    Exploring Lagos’ Gastronomy With Chef Priyank Singh of Hard Rock Cafe

    Olu Oyinsan- Saying Yes To Founders At The Early Stage

    Olu Oyinsan- Saying Yes To Founders At The Early Stage

    A Rare Hobby: Sports Fishing In Lagos

    A Rare Hobby: Sports Fishing In Lagos

    Chef Nkesi- Experiencing Different Cultures Through Food

    Chef Nkesi- Experiencing Different Cultures Through Food

    Wumi Jubril: Creating Memorable Experiences

    Wumi Jubril: Creating Memorable Experiences

    Nordic hotel

    Nordic Hotel Makes Grand Debut in Lagos

  • Things To Do
No Result
View All Result
The Lagos Today
No Result
View All Result
Home Business

Angola is now Top African Crude Oil Producer – OPEC 

by Idonosan Debe
May 15, 2023
in Business
2 min read
0
0
Oil Prices Hit $60 per Barrel as Iraq, Kazakhstan Slashes Output
Share on FacebookShare on Twitter

A new data from the Organisation of Petroleum Exporting Countries (OPEC) has shown that Angola overtook Nigeria to emerge top African crude oil producer for the month of April.

Angola recorded 1.06 million barrels per day (bpd) of crude production in April, up from 972,000 bpd recorded in March. 

This reflected in the April 2023 Monthly Oil Market Report (MOMR) published by the oil cartel.

On its part, Nigeria recorded an output of 999,000 bpd in April compared to 1.3 million bpd in March. The April output figure represented the lowest production rate the nation has recorded in 2023.

On an annual basis, Nigeria’s output level also indicated a drop of 16.7 per cent to 999,000 bpd in April 2023, from 1.2 million bpd recorded in the corresponding period of April 2022.

The drop in Nigeria can be linked to incidence in recent years where Nigeria has recorded a surge in pipeline vandalism and crude oil theft incidents in its oil-producing region, a development that worsened the nation’s revenue challenge.

The recent drop in the country’s crude production comes at a time when the Nigerian government postponed the June deadline for subsidy removal.

Earlier in the month, data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) showed that Nigeria produced an average of 998,602 barrels of crude oil per day in April. The figure represented a fall in production from the 1.2 million bpd recorded in March.

OPEC in its report noted that oil production from the 13 members of the cartel averaged 28.60 million barrels per day, bpd, in April, lower by 191,000 bpd compared to March.

The report found that OPEC’s Gulf producers – Saudi Arabia, Kuwait and the United Arab Emirates – met output targets under the OPEC+ deal with steady production.

Three producers exempted from supply cuts -Libya, Iran and Venezuela – also recorded varying output. While Iranian output was steady, Libya’s output edged lower and Venezuelan production rose slightly, boosting global supply.

Earlier in April, OPEC had agreed to cut output by about 1.27 million bpd as part of a total 2 million bpd reduction OPEC+ pledged in 2022.

Follow us on social media
  • Facebook
  • Twitter
  • Instagram
Tags: AngolaCrude oilOrganisation of the Petroleum Exporting Countries (OPEC)Top Crude Oil Producer
Previous Post

FG spends 83,000 monthly, N1m annually on Inmates- Minister

Next Post

NiMet to Airlines: Plan your movement with weather report

Idonosan Debe

Idonosan Debe

Related Posts

Fuel Hits N250/litre In Abuja, Lagos As  Queues Spread

Infrastructure Bank to provide N13bn to mitigate effects of Subsidy Removal

by Rosemary Opara
September 23, 2023
0

Financial assistance to the tune of N13 billion will be provided by the Infrastructure Bank to mitigate the consequences of...

COVID-19: AFDB approves Nigeria’s $288.5m Loan

AfDB, Google partner to transform Africa’s $115bn Digital Economy

by Idonosan Debe
September 23, 2023
0

...forecast $712bn by 2050 Google and the African Development Bank (AfDB) have deepened their partnership to advance Africa’s burgeoning digital...

Next Post
Lagos’ MMII Police Command Gets New Commissioner

NiMet to Airlines: Plan your movement with weather report

Please login to join discussion

Recommended

Lagos Police arrests two over possession of 1,200kg Indian hemp, hard drugs.

SARS Arrests Four Suspected Robbers in Ibeju Lekki

3 years ago
Court Remands Man for Alleged Sexual Harassment of Teenager in Lagos

Okada Rider Jailed For Life For Defiling Minor

2 years ago

Popular News

    Newsletter

    Connect with us

    Tags

    #EndSARS 2023 Elections 2023 polls 2023 Presidency ACCIDENT Africa All progressives Congress APC Asiwaju Bola Tinubu Babajide Sanwo-Olu Bitcoin CBN Central Bank of NIgeria Central Bank of Nigeria (CBN) China Coronavirus pandemic Covid-19 Covid-19 in Lagos Covid-19 in Nigeria Covid-19 Vaccine Cryptocurrency Drug Trafficking EFCC Federal Government Federal Government of Nigeria Fraud Godwin Emefiele Gov. Sanwo-Olu Insecurity Lagos-Ibadan expressway Lagos state Lagos State Government Lagos State House of Assembly Lagos State Police command Muhammadu Buhari Murder Murtala Muhammed International Airport Naira NDLEA New naira notes Nigeria Rape Strike action United states US

    News

    • Business
    • National
    • Politics
    • Tech

    Opinion

    • Editorials
    • Today’s Opinion
    • Letters
    • Sunday Review
    • Advertise
    • Opinion
    • Features & Interviews
    • Investigation
    • Contact

    © 2020 The Lagos Today - Nkali.

    No Result
    View All Result
    • Home
    • News
      • Lagos News
      • National News
      • World News
    • Entertainment
    • Opinion
    • Business
    • Features & Interviews
    • Best Of Lagos
    • Things To Do

    © 2020 The Lagos Today - Nkali.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Create New Account!

    Fill the forms bellow to register

    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In