Why Global Oil Shocks Hit Nigeria Hard – Peter Obi

Posted on March 13, 2026March 13, 2026 by GISTSMATE MEDIA

The Labour Party presidential candidate in the 2023 election, Peter Obi, has said Nigeria’s recurring vulnerability to global economic shocks, […]

Iran Warns Oil Could Surge To $200 Per Barrel After Attacks In Strait Of Hormuz

Posted on March 11, 2026March 11, 2026 by GISTSMATE MEDIA

Iran’s military command has warned that global oil prices could surge to $200 per barrel after three ships were attacked […]

Posted on March 7, 2026March 7, 2026 by GISTSMATE MEDIA

The global crude oil market approached a tipping point, with Nigerian crude projected to hit $100 this month. Nigerian Bonny […]

Posted on March 6, 2026March 6, 2026 by GISTSMATE MEDIA

Saad Al-kaabi, Qatar’s energy minister, says oil price could rise to $150 per barrel in ‘two to three weeks’ if […]

Posted on February 11, 2026February 11, 2026 by GISTSMATE MEDIA

Nigeria retained its position as the largest crude oil producer in Africa after an increase in the country’s January output, […]

Posted on December 31, 2025December 31, 2025 by GISTSMATE MEDIA

Nigeria’s oil output dropped year-on-year (YoY) to 1.599 million barrels per day (bpd), including condensate, in November 2025 from 1.698 […]

Posted on December 9, 2025December 9, 2025 by GISTSMATE MEDIA

NNPC E&P Limited (NEPL) recorded daily crude oil production of 355,000 barrels per day (bpd) on December 1, 2025—its highest […]

Posted on November 6, 2025November 6, 2025 by GISTSMATE MEDIA

The senate has received the interim report of its ad hoc committee investigating crude oil theft and related sabotage in […]

Posted on September 27, 2025September 27, 2025 by GISTSMATE MEDIA

Nigerian crude settled at about $70 per barrel, up from $68 earlier in the week. This is because U.S. crude […]

Posted on September 20, 2025September 20, 2025 by GISTSMATE MEDIA

Nigeria’s upstream oil sector has recorded a year-on-year output increase, averaging 1.63 million barrels per day (bopd) of crude oil […]