No oil exports until further notice – Iran
Iran vowed on Tuesday that not one litre of oil would be exported from the Gulf while its war with the United…
crude oil production
Kuwait cuts crude oil production as storage tanks overflow
Kuwait has begun cutting production at some oil fields after running out of room to store its bottled-up crude, BusinessDay reported that…
OPEC+ to boost oil output by 206,000 bpd in April
OPEC+ decided on Sunday to increase oil production by 206,000 barrels per day starting in April. The decision came from the Organisation…
IPPG reports 5.8% rise in 2025 oil output
Nigeria’s average crude oil production in 2025 increased to 1.64 million barrels per day, representing a 5.8 per cent year-on-year rise from…
Nigeria faces 225,000 bpd cut as Shell shuts Bonga FPSO
Nigeria faces a 225,000 barrels per day crude oil output cut as Shell Nigeria Exploration and Production Company Limited shuts down its…
NNPCL targets 2mbpd crude oil in 2026
The Nigerian National Petroleum Company Limited has officially set its crude oil production target for the year 2026 at more than two…
Nigeria’s oil output drops to 1.486mbpd, below OPEC quota
The Organisation of Petroleum Exporting Countries has reported that Nigeria’s oil production, excluding condensate, experienced a 0.7 per cent drop, falling to…
Nigeria’s oil output to hit 1.73mbpd in 2026 — Report
BMI, a Fitch Solutions company, has projected that Nigeria’s oil production is expected to record a modest uptick in 2026, to be…
Halt Delta oil drilling over land dispute, Edo begs Tinubu
The government of Edo State has called on President Bola Tinubu to halt any further crude oil drilling activities in the disputed…
Presidency eyes NNPC asset shake-up to boost oil output
The Presidency is currently making plans to restructure asset ownership within the Nigerian National Petroleum Company Limited due to mounting concerns regarding…
Nigeria’s oil production rises to 1.8m barrels daily
Nigeria’s Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, said that Nigeria’s oil production rose to 1.8 million barrels per…
Nigeria’s crude oil output drops to six-month low
Global oil prices have rebounded sharply, with Brent crude climbing back above $70 per barrel due to geopolitical tensions and supply uncertainties…