Crude Theft Dips Oil Production To 0.94mbp In September   Crude oil production in Nigeria slumped to about 0.94 million barrels per day in September 2022, the Federal Government said on Monday. Figures released by the Nigerian Upstream Petroleum Regulatory Commission, an agency of the Federal Government,...

Nigeria’s Crude Oil Production Crashes To 900,000 Per Day   Nigeria’s crude oil revenue has continued to slump as the Organization of the Petroleum Exporting Countries (OPEC) newly released Monthly Oil Market Report for September revealed that the country’s crude oil output fell to 900, 000...

Operators May Generate N4.37trn From Marginal Oil Fields   Operators of the new marginal oil fields are expected to earn significant revenue from the fields. Proposed crude oil exploration from 57 marginal oil fields is expected to boost Nigeria’s oil production by at least 8.835 million barrels...

Oil Drops Below $100, Nigeria’s Production Now 1.158mb/d   Brent, the international benchmark for crude, fell below $100 per barrel on Tuesday as the latest figures released by the Organisation of Petroleum Exporting Countries showed an increase in Nigeria’s oil production from 1.024 million barrels per...

OPEC: Nigeria Loses N1.22tn To Deficit Oil Production The Organisation of Petroleum Exporting Countries (OPEC) says Nigeria lost about 22.658 million barrels of crude oil valued at N1.22tn in the first quarter of 2022. Economic Confidential reports that OPEC made this known in a series of...

'Nigeria’s Oil Production Crashed By 744,000 Barrels In March'   Nigeria’s crude oil production crashed by 744,000 barrels in March 2021 when compared to what the country produced in the preceding month of April, figures released on Tuesday by the Organisation of Petroleum Exporting Countries (OPEC)...