OPEC data reveal Nigeria produced 1.486m bpd in November 2025, down 0.7% from October and below target. NUPRC aims for 2.5m bpd as rig count climbs...
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OPEC+ announces a 137,000 barrels-per-day increase in oil output starting November 2025, with Saudi Arabia, Russia, UAE, and other allies aiming to stabilize the global market...
Nigeria’s oil production has increased to 1.8 million barrels per day, with a target of 2.5 million, according to Minister Heineken Lokpobiri. Speaking at AE Invest...
At Africa Oil Week 2025, Nigeria’s Petroleum Minister, Sen. Heineken Lokpobiri, urged African nations to pursue regional energy integration, cut the $120bn annual import bill, and...
Nigeria’s Bonny Light Crude Hits $67 as Israel’s Strike on Qatar Fuels Oil Price Surge
According to the latest data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the country produced 354.26 million barrels of oil between January and July 2025,...
Prof. Wumi Iledare, a Professor of Petroleum Economics, noted that the geopolitical situation might inject a short-term risk premium into global oil prices.
Director/Chief Executive Officer of the Centre for the Promotion of Private Enterprise (CPPE), Dr Muda Yusuf, had said, “The outbreak of war between Israel and Iran...
Obviously, we are not just talking about crude here; we are also talking about its derivatives, which are crucial for local manufacturing production and have export...