OPEC

The Pipeline Infrastructure Nigeria Limited (PINL), has tied Nigeria’s recent increase in crude oil production and the ability to produce above OPEC production quota to the improvement in the safety and security of pipelines, including…
Read More...

Nigeria has exceeded its OPEC crude oil production quota for the first time in 2026, with improvements along the Trans Niger Pipeline (TNP) under the management of Pipeline Infrastructure Nigeria Limited (PINL) contributing…
Read More...

AI-made The energy industry is unique in that countries and companies that collaborate toward the same cause are able to achieve more than if they were to remain isolated. This explains the constant agreements between different nations…
Read More...

Nigeria’s fragile economic recovery is facing fresh headwinds as falling oil prices, a weakening naira and looming flood threats raise concerns over government revenues, external reserves and food inflation, according to the latest…
Read More...

Nigeria’s crude oil output increased to 1.489 million barrels per day (bpd) in April 2026. This level marks the highest production in four months and shows the country moved closer to its OPEC quota. OPEC data showed that Nigeria…
Read More...

Global oil prices rallied sharply on Monday, with benchmarks gaining up to 6 per cent as escalating tensions between the United States and Iran heightened fears of supply disruption. International benchmark Brent crude jumped by 5.5…
Read More...

Oil and gas companies operating in Nigeria paid an estimated $646 million in gas flaring penalties in 2025, the highest level in five years, as emissions surged. This development revealed persistent gaps in the country’s…
Read More...

Oil prices tumbled and stock markets rallied on Wednesday on reports that the United States had sent a peace plan to Iran. Image: Wikimedia Commons Oil prices tumbled and stock markets rallied on Wednesday on reports that the United…
Read More...

Nigeria could raise its crude oil production by approximately 100,000 barrels per day over the next few months, the Group Chief Executive Officer of the Nigerian National Petroleum Company, Bashir Bayo Ojulari, has said, as the country…
Read More...

In a recent interview shared by Arise News, Senior Partner at SPM Professionals, Paul Alaje, has warned of potential increases in fuel prices if global oil trends continue upward. Speaking on the implications of rising crude oil…
Read More...