Nigeria Loses N313bn As Oil Theft, Shutdown Rise   Rising oil thefts and workers’ strikes have led to a huge drop in Nigeria’s oil production output, culminating in the loss of hundreds of billions of naira in oil earnings. Crude oil production in Nigeria crashed by over...

Nigeria Loses N2.2trn Revenue To Crude Production Delays In One Year   Nigeria lost a whopping N2.1 trillion as a result of crude oil production deferment in one year. The 2021 statistics from the Nigeria Extractive Industries Transparency Initiative (NEITI), said the huge loss was recorded in...

Nigeria’s Crude Oil Production To Hit 1.8m Barrels Daily — Kyari Nigeria’s crude oil and condensate output will be at 1.8 million barrels per day (mbpd) and is likely to overcome production issues by the end of December, the Group Managing Director, Nigerian National Petroleum...

Nigeria’s October Oil Output Fell To 1.37m bpd     Nigeria’s crude oil production dropped to 1.37 million barrels per day last month from 1.39 million bpd, a survey by Platts showed on Monday. The country’s oil production in October was 261,000 bpd below the quota given to...

OPEC, Others Meet To Decide On Crude Oil Production Increase       The Organisation of the Petroleum Exporting Countries and its allies will meet on Wednesday (today) to decide whether to press on with plans to increase crude oil production by 400,000 barrels per day every month. The...

OPEC+ Crude Oil Production Raise Begins August       The Organisation of Petroleum Exporting Countries and its allies known as OPEC+ have upwardly adjusted their overall production by 0.4 million barrels per day (mbd). The decision was taken at the end of the 19th OPEC and non-OPEC Ministerial...