The Organisation of Petroleum Exporting Countries (OPEC) says Nigeria’s average daily crude oil production dropped marginally to 1.485 million barrels per day (bpd) in December 2024. In its ...

The chief executive stated that the increase in rig count reflects ongoing efforts to boost upstream activities and enhance the country’s crude oil production capacity. A statement by the NUPRC ...

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as we expect that global oil production will grow more than global oil demand," the agency said in its short-term energy outlook, published Tuesday. The agency sees global oil production growing ...

(Reuters) -Oil prices rose more than 2% on Wednesday, supported by a large draw in U.S. crude stockpiles and potential supply disruptions caused by new U.S. sanctions on Russia, while a Gaza ...

The African Energy Chamber (AEC) anticipates a significant surge in African oil production in 2025, with Nigeria and Angola leading the charge. In its “State of African Energy 2025 Outlook,” the AEC ...

Published Jan. 14, 2025Updated Jan. 21, 2025 For years, as oil and gas companies increased production ... transport and process these fossil fuels employ roughly 25 percent fewer workers than ...

NEW YORK, Jan 14 (Reuters) - Oil prices will be under pressure over the next two years as global production growth outpaces demand, the U.S. Energy Information Administration said on Tuesday in ...

Nigeria’s daily average oil production rose by 152,000 barrels per day last November 2024. This is according to data sourced from the newly released monthly oil market report by the Organisation ...

Nigeria’s daily average oil production rose by 7.38 percent year-on-year in December 2024 to 1.667 million barrels per day, bpd from 1.552 million bpd, including condensate, recorded over the ...

Nigeria’s daily average oil production rose by 152, 000 barrels per day last November, according to data sourced from the newly released monthly oil market report by the Organization of the ...