The Nigerian Upstream Petroleum Regulatory Authority (NUPRC) says the country’s oil production increased to 1,485,700 barrels of oil per day (bpd) in April.

OPEC Oil Output Drops in April - Report   The Organisation of the Petroleum Exporting Countries (OPEC) oil output edged lower in April despite a scheduled output hike taking effect, a Reuters survey found. The decline was led by a cut in Venezuelan supply on renewed United...

The Organisation of the Petroleum Exporting Countries (OPEC) on Monday slightly cut its forecast for oil demand growth, citing the impact of US tariffs on the world economy.

The Numerous Dark Worlds Controlling Nigeria By Basil Odilim Nigeria is the only OPEC nation where individuals, not the state, own oilfields. Nowhere else do national assets transition so seamlessly into private hands under the pretense of legality. But who are these individuals? And why is...

FG to Revoke License of Dormant Oil Blocks  The Minister of State Petroleum Resources (Oil), Senator Heineken Lokpobiri, threatened to withdraw oil blocks from owners that have failed to develop them. This is against the backdrop of the Federal Government calling on international oil companies operating...

Nigeria Has Capacity to Produce 4mbpd of Oil - OPEC   According to Ademola Adeyemi-Bero, Chairman of the OPEC Board of Governors, Nigeria's abundant hydrocarbon reserves should enable the country to produce up to four million barrels of oil per day, a significant increase from its current output. Adeyemi-Bero...