Trending News: Oborevwori: This is a Movement, Not DefectionLamido, Odinkalu, Akinnola, Jinadu, Others Warn Against Coercive DefectionsFagbemi: Why Nigerian Judges Must Be Conversant with New Electricity LawSeplat’s Revenue Hits N1.2 Trillion, Gross Profit Rises to N535bn in Q1REA Signs Deals with 8 Renewable Energy Firms to Expand Energy AccessAlleged Contract Breach: Judge Warns FG, Firm Against Undermining CourtNEPC: Non-oil Exports Hit $5.46 Billion in First QuarterIn Major Policy Shift to Boost AfCFTA, CBN Lowers Documentation for Low-value PAPSS TransactionsEXCLUSIVE: Ondo Deputy Governor’s Office To Spend N15million On Two Executive Chairs, N20million On Executive Table In 2025BREAKING: Court of Appeal Redeploys Justices Across Nigeria, Retains Wike’s Wife In Abuja; Appeals From Awka, Gombe To Be Heard In Neighbouring DivisionsCall for Citizens to Defend Themselves: Right or Wrong?Naira Abuse Allegation: Court Remands Hip-Hop Artist “Terry Apala” in PrisonCourt Orders 54 Banks to Return N9.3bn Stolen by HackersJudge Declines Application to Bar Journalists from Covering Court ProceedingsCourt Orders Interim Forfeiture of Eagle Flush Operation AssetsConditions for the Application of Doctrine of Incorporation by ReferenceTransparency International Nigeria, CISLAC Boss Rafsanjani Backs Probe of NNPCL, Calls for Comprehensive Oil Sector AuditHeineken Unites Nigeria’s “Hardcore Fans” for UCL S’finals ShowdownsWELCOME HOMETHIRD WORLD WAR WITHOUT GUNFIRE‘I CAN SEE CLEARLY NOW’Adhere to Our Party’s Ideology, SDP’s Adebayo Tells DefectorsMorocco Eyes Investment in Nigeria’s Capital Market, As SEC Canvasses African Cooperation   Sen Adeola: Providing Effective Representation for ConstituentsCourt Sentences Late Gospel Singer Osinachi’s Husband to Death by Hanging2025 Hajj: Ogun Begins Airlift of Pilgrims May 12N’ Assembly, INEC Harp on Electoral Reform for Better ElectionsFG Set to Offset 5 Months Wage Award ArrearsUS Promises Support for Nigeria’s War Against Drug TraffickingBPP to Inaugurate Procurement Certification ProgrammeAlleged N27bn Fraud: Court Adjourns Trial of Ex-Taraba GovernorShettima Arrives Asaba to Receive Oborevwori into APC FoldWAEC, NECO to Adopt CBT for Exams By 2026Setting the Record Straight: The Facts About Tambuwal’s Legacy in SokotoPDP Group Appeals to Atiku, Others to Support a Southern Presidential CandidatePolice Arrest, Detain 22-Year-Old Student In Ogun Over Mother’s Debt, Deny Access To Family, LawyerKogi Spends N172Million On Celebrations In 2025 First Quarter, Zero On Flood Control Despite Rising RisksEnugu Reps Caucus Backs Enugu Airport ConcessionSuspected Kidnappers Abduct Legal Practitioner, Director of Personnel Management in KwaraUniversity Don, Ex Dep Gov Tasks FG on Agenda for YouthsImo Community Fetes SEDC Executive Director, Presents List of Needs10 Ways SAPZ Will Make Kaduna Africa’s Agro-Industrial PowerhouseFreedom Day: Nigeria Extols South Africa At 31‘Nigeria Still Underdeveloped Because of Absence 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Has Not Lost Any Genuine Supporter, Says AdelekeFG to Reopen Enugu Airport for Flight Operations MondayAttempts at Assassination of African Leaders for Opposing Imperialism: The Case of Ibrahim TraoréEXCLUSIVE: Deputy Inspector-General Of Police Ari Muhammed Joins APC Weeks After Retirement, Seeks To Contest For SenateAlain St. Ange Honoured at House of Lords as He Champions Seychelles’ Future Musawa Inaugurates Presidential Suite at Ikogosi Warm Springs Resort and Conference CentreDeputy Speaker Kalu Says Tinubu Deserves Second Term, Urges Igbo to Support HimSenate Calls for Urgent Budgetary Reforms, Hails CBN Leadership’s Global Recognition Bauchi Group Expresses Support for Foreign Affairs Minister Tuggar Pope Francis’ Funeral in PhotographsWorld Bids Pope Francis FarewellSalaries: FCT Senator Laments Teachers’ Protest in AbujaNigerian Police Engage In Cover-Up As Officers Shoot Dead 300-Level University Of Port-Harcourt Student, Family Seeks JusticeZelensky, Trump Meet at Pope 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Tue. Apr 29th, 2025
Trending News: Oborevwori: This is a Movement, Not DefectionLamido, Odinkalu, Akinnola, Jinadu, Others Warn Against Coercive DefectionsFagbemi: Why Nigerian Judges Must Be Conversant with New Electricity LawSeplat’s Revenue Hits N1.2 Trillion, Gross Profit Rises to N535bn in Q1REA Signs Deals with 8 Renewable Energy Firms to Expand Energy AccessAlleged Contract Breach: Judge Warns FG, Firm Against Undermining CourtNEPC: Non-oil Exports Hit $5.46 Billion in First QuarterIn Major Policy Shift to Boost AfCFTA, CBN Lowers Documentation for Low-value PAPSS TransactionsEXCLUSIVE: Ondo Deputy Governor’s Office To Spend N15million On Two Executive Chairs, N20million On Executive Table In 2025BREAKING: Court of Appeal Redeploys Justices Across Nigeria, Retains Wike’s Wife In Abuja; Appeals From Awka, Gombe To Be Heard In Neighbouring DivisionsCall for Citizens to Defend Themselves: Right or Wrong?Naira Abuse Allegation: Court Remands Hip-Hop Artist “Terry Apala” in PrisonCourt Orders 54 Banks to Return N9.3bn Stolen by HackersJudge Declines Application to Bar Journalists from Covering Court ProceedingsCourt Orders Interim Forfeiture of Eagle Flush Operation AssetsConditions for the Application of Doctrine of Incorporation by ReferenceTransparency International Nigeria, CISLAC Boss Rafsanjani Backs Probe of NNPCL, Calls for Comprehensive Oil Sector AuditHeineken Unites Nigeria’s “Hardcore Fans” for UCL S’finals ShowdownsWELCOME HOMETHIRD WORLD WAR WITHOUT GUNFIRE‘I CAN SEE CLEARLY NOW’Adhere to Our Party’s Ideology, SDP’s Adebayo Tells DefectorsMorocco Eyes Investment in Nigeria’s Capital Market, As SEC Canvasses African Cooperation   Sen Adeola: Providing Effective Representation for ConstituentsCourt Sentences Late Gospel Singer Osinachi’s Husband to Death by Hanging2025 Hajj: Ogun Begins Airlift of Pilgrims May 12N’ Assembly, INEC Harp on Electoral Reform for Better ElectionsFG Set to Offset 5 Months Wage Award ArrearsUS Promises Support for Nigeria’s War Against Drug TraffickingBPP to Inaugurate Procurement Certification ProgrammeAlleged N27bn Fraud: Court Adjourns Trial of Ex-Taraba GovernorShettima Arrives Asaba to Receive Oborevwori into APC FoldWAEC, NECO to Adopt CBT for Exams By 2026Setting the Record Straight: The Facts About Tambuwal’s Legacy in SokotoPDP Group Appeals to Atiku, Others to Support a Southern Presidential CandidatePolice Arrest, Detain 22-Year-Old Student In Ogun Over Mother’s Debt, Deny Access To Family, LawyerKogi Spends N172Million On Celebrations In 2025 First Quarter, Zero On Flood Control Despite Rising RisksEnugu Reps Caucus Backs Enugu Airport ConcessionSuspected Kidnappers Abduct Legal Practitioner, Director of Personnel Management in KwaraUniversity Don, Ex Dep Gov Tasks FG on Agenda for YouthsImo Community Fetes SEDC Executive Director, Presents List of Needs10 Ways SAPZ Will Make Kaduna Africa’s Agro-Industrial PowerhouseFreedom Day: Nigeria Extols South Africa At 31‘Nigeria Still Underdeveloped Because of Absence of Visionary Leaders’Forum Appeals to Tinubu for Intervention on Key Projects in A’IbomOsun Urged to Return Mission Schools to Original OwnersFG ‘ll Support Stakeholders’ Efforts in Oil, Gas Sector, Says LokpobiriFoundation Empowers 60 Trainees, 50 Widows with Tools, Finance in OndoNOA Initiate Moves to Boost Public Health in BayelsaPolice Declared Me Wanted Without Invitation — ABC Transport Owner’s Daughter Cries Out, Alleges Blackmail By Ex-FiancéEcobank Reaffirms Commitment to  SMEsPresidency: Democracy Not Under Threat, Rejects Claims of One-party State NACCIMA, OPS Worry Over W’Bank’s 56% Poverty Rise Projection for 2027Sanwo-Olu to Obi: You Fuelled Nigeria’s Poverty, Lack Moral Right to Criticise FGSenate Advocates Urgent Budgetary Reforms to Consolidate Nigeria’s Economy UK Envoy Hails Partnership with Nigeria over $150m Charterhouse Lagos SchoolBankole Benard: Stringent UAE Visa Policy Targets Prevention of Suspect Nigerians from Entering the EmiratesTinubu Wife’s Initiative Empowers 500 Edo Women in Three Senatorial DistrictsTrouble Brews Over Planned Boycott of May Day Parade By NLC NAPTIP Receives Over 200 Victims of Human Trafficking from GhanaAlawuba: UBA to Operate in All African Nations, Expand Footprint to 100 Countries GloballySupreme Court Overturns N22trn Judgment Against Union BankAl Amin Mota Pledges Automotive Innovation, Youth EmpowermentStella Okotete Hails Oborevwori’s APC Defection Oborevwori Orders Prompt Revocation of DELSU’s Senate Building Contract Army: Terrorists, Criminals Using Military Uniforms to Commit AtrocitiesNigeria Moves to Unlock AfCFTA Potential, Launches Maiden Hackathon with N20m Grand PrizeNALDA Floats Poultry Initiative to Boost Economic Empowerment for NigeriansOtti Creates Enabling Environment to Enhance Participation of Diasporas in Abia Dev’t Anambra Takes Anti-drug Campaign to Cattle MarketObi: Nigerian Leaders Lack Capacity, Character, Calls for Competent Leadership for Nation’s FutureGov Lawal Hosts NSCDC Officers of Zamfara OriginKaduna Gov Says Tinubu’s Appointment of DSS Boss Yielding Great ResultsIn Defence of Truth: A Rebuttal to Kperogi’s Fiction on SDPEXCLUSIVE: Leaked Document Exposes Tinubu’s Plan To Hand Over State House Clinic to Private Managers As Education Minister Oversees ProcessTrump, Macron, Starmer, Other World Leaders Bid Final Farewell to Pope FrancisEdun, Cardoso: Tinubu’s Reforms Have Restored Investors’ Confidence, Stabilised FX MarketIn Show of Public Confidence in Banking System, Customers’ Deposits in 10 Banks Hit N140.97tn in 2024APC Will Soon Implode, Says Wabara2027: Rivers PDP National Assembly Caucus Declares Support for Tinubu’s Re-election2027: Deputy Speaker Mobilises Support for Tinubu in South-east, Says President’s Mandate Deserves RenewalFamily Unveils Funeral Programme for Afenifere Leader, Ayo AdebanjoEmir Seeks Military Intervention as Boko Haram Kills 12 in Borno VillageWike Orders Crackdown on Quack Hospitals, Doctors in FCTDefection: Osun PDP Has Not Lost Any Genuine Supporter, Says AdelekeFG to Reopen Enugu Airport for Flight Operations MondayAttempts at Assassination of African Leaders for Opposing Imperialism: The Case of Ibrahim TraoréEXCLUSIVE: Deputy Inspector-General Of Police Ari Muhammed Joins APC Weeks After Retirement, Seeks To Contest For SenateAlain St. Ange Honoured at House of Lords as He Champions Seychelles’ Future Musawa Inaugurates Presidential Suite at Ikogosi Warm Springs Resort and Conference CentreDeputy Speaker Kalu Says Tinubu Deserves Second Term, Urges Igbo to Support HimSenate Calls for Urgent Budgetary Reforms, Hails CBN Leadership’s Global Recognition Bauchi Group Expresses Support for Foreign Affairs Minister Tuggar Pope Francis’ Funeral in PhotographsWorld Bids Pope Francis FarewellSalaries: FCT Senator Laments Teachers’ Protest in AbujaNigerian Police Engage In Cover-Up As Officers Shoot Dead 300-Level University Of Port-Harcourt Student, Family Seeks JusticeZelensky, Trump Meet at Pope Francis’ FuneralGeneral Laka: Digital Domain Opens a Gateway for Terrorists to Exploit Cutting-edge TechnologyLagos Commissioner Declares State Has 1.3% Malaria Prevalence
Tue. Apr 29th, 2025

OPEC Mulls Another Oil Output Raise for June

Several members of the Organisation of Petroleum Exporting Countries (OPEC) will suggest accelerating oil output hikes in June for a second consecutive month, three sources familiar with the matter have told Reuters.

Oil prices fell to a four-year low in April, weakened by a US-China trade war and the unexpected decision by OPEC+, which brings together OPEC and other major producers such as Russia, to increase output by 411,000 barrels per day of oil in May. The figure was three times more than the group originally planned.

Eight OPEC+ countries will meet on May 5 to decide the June output plan. The three sources, speaking on condition of anonymity, said some members wanted to increase output by a similar volume to that agreed for May, which already stoked tensions between members that are sticking to targets and those that are exceeding them.

OPEC and the Saudi Arabian authorities did not immediately respond to Reuters’ requests for comment.

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