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2026 outlook: What to expect in the Nigerian oil and gas industry
21 Jan 2026 08:14 GMT
… in 2026.
1. Crude Oil Production
According to the upstream regulator … $50/barrel.
OPEC and OPEC+ production cuts may help stymie oversupply as … Total national oil and gas production; NNPC equity production, JV production, PSC production, production losses, …
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Nigeria Faces Fiscal Strain As Global Oil Prices Slip Below $64.85 Budget Benchmark
21 Jan 2026 09:37 GMT
… spigot” of supply from non-OPEC producers, particularly the United … massive new borrowings or significant cuts to its N26 trillion … persistent struggle to meet its production target of 1.84 million … aging infrastructure have kept actual output closer to 1.5 …
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Crude Rallies as the Dollar Falls and Black Sea Oil Production Disrupted
21 Jan 2026 01:48 GMT
… inventories.
Crude garnered support after OPEC+ on January 3 said it … the 2.2 million bpd production cut it made in early 2024 … bpd last month, and cut its US 2026 energy consumption … year seasonal average. US crude oil production in the week ending January …
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USGS Uncovers Massive New Oil and Gas Potential in the Permian Basin
20 Jan 2026 21:22 GMT
… in large part to OPEC’s reversal of production cuts over the last … ploughing more money into production just to keep output flat, a phenomenon … battle to maintain output.
In fact, since 2019 oil and gas groups …
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Addressing Questions on Oil, Geopolitics, & Midstream
20 Jan 2026 15:33 GMT
… geopolitical risk premium to oil prices.
More broadly, oil markets remain oversupplied … bbl, US oil producers broadly are likely to keep production flat at … includes OPEC+ production management. The group already suspended the unwind of their production cuts …
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Trump promised to cut energy bills in half. One year later, has he delivered?
20 Jan 2026 10:03 GMT
… President Trump promised to cut Americans' energy bills … of decisions by the oil cartel OPEC+. The cartel repeatedly … cutting the costs of oil production, including by easing environmental … appliances. Those standards actually cut consumer bills by reducing …
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Oil Prices Dip As Trump Backs Off Iran Strike
20 Jan 2026 09:32 GMT
… output quotas.
OPEC+ members, including Nigeria, meet next month to decide production … hikes, and sustained $65- plus prices might embolden cuts … aging fields, exacerbating production declines from 1 … cheap Latin American oil, undercutting Nigeria’s …
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USA-Venezuela action setting the stage for lower medium-term oil and petcoke prices – petcoke higher on lower freight rates
20 Jan 2026 09:28 GMT
… realise substantial increases in output. Furthermore, the removal … the US military operation. OPEC+ has reviewed its baseline … decided to keep its production cuts steady. Some attacks from … term, if Venezuela increases oil production and sanctions are lifted, …
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Natural Resources Outlook: Gold and copper remain supported; oil and grains could recover
19 Jan 2026 13:30 GMT
… energy, oil has been under pressure as incremental OPEC supply is … US Federal Reserve rate cuts, heightened concern over fiscal … defensive tilt. As incremental OPEC barrels are absorbed, pricing … largest component, implies higher production from 2025 to 2026. …
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India steps back, China snaps up Russian Urals oil
19 Jan 2026 08:22 GMT
… lower than Iranian oil after top buyer India cut imports sharply … ;s top oil importer after Washington raided the OPEC producer and … eleven months of 2025.
INDIA CUTS IMPORTS, EU BANIn India, … at least two months before output is eligible for sale.
China …