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...
Funding of the budget was benchmarked on $75 per barrel and more than two million bpd, including condensate. Also, in its April 2025 Monthly Oil Report,...
Shortly after taking office in January Trump called on Saudi Arabia, which heads the cartel, to up production in order to bring prices down.