Oil Output

KEY POINTS Nigeria’s crude oil output fell again in October, adding to production setbacks in Libya and Venezuela that weakened the Organisation of the Petroleum Exporting Countries and its allies, …

KEY POINTS Crude oil prices remained broadly unchanged on Monday even after OPEC+ announced plans to slow its production growth, with traders balancing concerns over a potential surplus against fresh …

KEY POINTS Nigeria’s economy has taken another hit as the recent nationwide strike by senior oil workers, PENGASSAN, caused massive disruptions in crude oil production, gas supply, and electricity generation.  …

KEY POINTS Renaissance Capital has projected that Nigeria could reclaim its long-lost oil production strength, hitting over two million barrels per day (bpd) by 2026 if the government sustains its …

KEY POINTS The Chairman of Libya’s National Oil Corporation, NOC, Masoud Suleiman, has opened talks with a senior delegation from the American oilfield services company Halliburton to explore potential areas …

KEY POINTS Nigeria’s economy, long powered by non-oil sectors, saw the balance shift slightly in the second quarter of 2025 as crude oil output rebounded sharply, lifting the petroleum industry’s …

KEY POINTS Nigeria’s $20 billion Dangote Petroleum Refinery is expanding its crude basket to include Ghana for the first time, a move that signals a more pragmatic approach to sourcing …

KEY POINTS As it strives to meet ambitious output targets and draw in foreign investment, Nigeria’s oil production has surged to its highest level in six months, a development that …

KEY POINTS Nigeria’s production of oil increased in July, giving the continent’s biggest producer new impetus to recover barrels that were lost to sabotage, theft, and years of underinvestment. According …