Oil traders are becoming more confident that the world can withstand disruptions to Middle Eastern supplies, even as the dangers facing ships transporting those supplies remain far from resolved.
Nigeria’s crude oil and condensate production rose by 5.7 percent year-on-year to an average of 1.69 million barrels per day in October 2026, extending the country’s run of meeting its Organisation of Petroleum Exporting Countries production quota to six consecutive months.
The Akwa Ibom State House of Assembly has called for an urgent investigation and environmental remediation of a reported oil spill affecting fishing communities in Eastern Obolo Local Government Area.
Oil prices are swinging sharply as hopes for peace between the United States and Iran collide with fresh military action, exposing how quickly Nigeria’s revenue and foreign-exchange outlook can change with events thousands of kilometres away.
Sterling Oil Exploration and Energy Production Company Limited (SEEPCO) has expanded its footprint in Nigeria’s oil and gas industry with the acquisition of Italian energy giant Eni’s 5 per cent stake in the Renaissance joint venture operating onshore oil assets in the Niger Delta.
The Petroleum Technology Association of Nigeria (PETAN) has warned that Nigeria may fall short of its target of producing three million barrels of oil per day by 2030 unless it addresses a $6bn equipment gap, financing constraints and a shortage of experienced personnel
Domestic refineries received more than 127 million barrels of Nigerian crude oil and condensate between January and September 2026, as the Nigerian Upstream Petroleum Regulatory Commission intensified efforts to resolve supply disputes between producers and refiners.
Aliko Dangote has disclosed that Dangote Industries Limited has acquired a 25 percent stake in a petroleum products pipeline network in Kenya as the conglomerate expands its fuel distribution infrastructure across Africa.
Brent crude oil rose above $111 per barrel on Tuesday before retreating to around $109, as the International Energy Agency warned that global energy markets might not return to normal in 2027 amid persistent Middle East tensions.
Nigeria produced an estimated 402.86 million barrels of crude oil between January and September 2026, with the output valued at approximately ₦52.11 trillion based on monthly average production rates, Bonny Light prices and an exchange rate of ₦1,331 to the dollar.
An Akwa Ibom State High Court sitting in Uyo has dismissed a petition seeking the dissolution of a marriage that has lasted over 43 years, ruling that lack of love and mutual respect between spouses does not, on its own, constitute sufficient legal grounds for divorce.
