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 […]

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 […]

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 […]

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 […]

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 […]

Posted on October 5, 2024October 5, 2024 by GISTSMATE MEDIA

The Nigerian government on Saturday said it has officially commenced the sale of crude oil and refined petroleum products in […]

Posted on September 14, 2024September 14, 2024 by GISTSMATE MEDIA

The Federal Government has started selling crude oil to local refineries and buying petroleum products using Naira. This move will […]

Posted on July 31, 2024July 31, 2024 by GISTSMATE MEDIA

Oil prices have risen in the global market following the killing of Hamas political leader, Ismail Haniyeh in Iran, […]