December 3, 2025 OPEC+ members will undergo an annual assessment of their oil production capacity starting next year for use in 2027, OPEC+ sources said, to ensure that the group ...
November 13, 2025 The global oil market faces an even bigger surplus next year of as much as 4.09 million barrels per day as OPEC+ producers and rivals lift output ...
Sept. 20, 2025 Nigeria’s upstream oil sector has recorded a year-on-year output increase, averaging 1.63 million barrels per day (bpd) of crude oil and condensates in August 2025, This is ...
September 11, 2025 World oil supply will rise more rapidly this year and a surplus could expand in 2026 as OPEC+ members increase output and supply from outside the group ...
September 4, 2025 OPEC's oil output rose further in August after an OPEC+ agreement to raise production, a Reuters survey found on Thursday, mainly reflecting higher production by the United ...
September 3, 2025 Nigeria’s production-sharing contract with TotalEnergies its first guided by a new law designed to boost the OPEC member's gas production, will serve as a template for future ...
August 22, 2025 Africa is set to add 1.2 million barrels per day (bpd) of new refining capacity by 2030, marking one of the fastest downstream expansions globally, according to ...
July 30, 2025 The Nigerian National Petroleum Company Limited (NNPC) Ltd has ruled out sale of the Port Harcourt Refining Company, reaffirming its commitment to completing high-graded rehabilitation and retention ...
July 22, 2025 Nigeria has partnered with S&P Global Commodity Insights to develop a regional pricing benchmark for refined petroleum products in West Africa, the country's downstream regulator said on ...
July 16, 2025 Nigeria exceeded its OPEC crude oil production quota of 1.5 million barrels per day (bpd) in June, marking the second time it has surpassed the allocation in ...
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