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Home » Crude Oil

Tag Archives: Crude Oil

Nigeria Now Largest Crude Oil Producer In Africa – OPEC

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, […]

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JUST-IN: Nigeria’s Oil Output Drops 5.9% To 1.599m bpd

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 […]

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NEPL Hits 355,000 bpd, Records Highest Daily Output In 36 Years 

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 […]

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BREAKING: Senate Panel Uncovers ‘$300 Billion Unaccounted’ Crude Oil Revenue 

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 […]

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Nigerian Crude Oil Hits $70/barrel Amid Global Tensions 

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 […]

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Nigeria Met 96% OPEC Quota In August; Output Averaged 1.63 Million Barrels Per Day: NUPRC

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 […]

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FLASH: Nigeria Surpasses OPEC Target For Second Consecutive Month, Hits 1.5 Million bpd In July

Posted on August 12, 2025August 12, 2025 by GISTSMATE MEDIA

Latest crude oil price drop threatens Nigeria’s revenue and naira stability Nigeria’s average daily crude oil production rose to 1.507 […]

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Nigeria’s N54.99 Trillion Budget Suffers Setback As Oil Drops To $66 Per Barrel

Posted on August 10, 2025August 10, 2025 by GISTSMATE MEDIA

The execution of Nigeria’s N54.99 trillion budget suffered a major setback as the crude price dropped to $66 per barrel […]

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Nigeria Exceeds OPEC Quota By Four Percent In June

Posted on July 18, 2025July 18, 2025 by GISTSMATE MEDIA

With a record of 104%, Nigeria exceeded the Organisation of Petroleum Exporting Countries (OPEC) crude oil production quota in June […]

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Nigeria’s Oil Output Rises 13% To 1.7 Million BPD

Posted on December 11, 2024December 11, 2024 by GISTSMATE MEDIA

  Nigeria’s oil output has risen year-on-year, YoY, by 13.3 per cent to 1.7 million barrels per day, bpd, including […]

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