Nigeria Meets OPEC Quota for Third Consecutive Month as Production Hits 1.67mbpd in July 2026 Nigeria has for the third consecutive month met and exceeded its OPEC quota of 1.5mbpd, latest statistics from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) have revealed. In the month of July 2026, Nigeria produced 1.505mbpd of crude oil […]
Top 10 OPEC oil producers in July as output rises to 20.91m bpd By Eyo Nsima The 10 leading crude oil producers among members of the Organisation of Petroleum Exporting Countries (OPEC) accounted for about 20.91 million barrels per day (bpd) in July 2026, as production increased amid disruptions to global oil supplies. Data contained
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Saudi Arabia retains OPEC crown as UAE surges, Nigeria ranks seventh in June output By Eyo Nsima Saudi Arabia remained the largest crude oil producer in the Organisation of the Petroleum Exporting Countries (OPEC) in June 2026 despite a decline in output, while the United Arab Emirates (UAE) recorded the biggest monthly increase to
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Algeria Leads Africa as OPEC+ Approves 188,000 bpd Output Increase to Support Oil Market Stability Algeria has emerged as Africa’s sole participant in a fresh OPEC+ production adjustment after seven members of the alliance agreed to raise their combined crude oil output by 188,000 barrels per day (bpd) from September 2026 in a move
Africa’s Crude Grades Face Price Pressure as OPEC Reports Softer Global Oil Market Africa’s major crude oil exporters, including Nigeria, Angola, Libya, Congo and Equatorial Guinea, experienced lower prices for their benchmark crude grades in June as easing geopolitical tensions in the Middle East and improving global oil supplies weakened the international market, according
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OPEC Sees Stronger Global Oil Demand Through 2027 as Market Tightness Supports Crude Prices Global oil demand is expected to remain resilient through 2026 and 2027, with consumption continuing to outpace supply growth and underpinning crude prices, according to the latest projections contained in the Organization of the Petroleum Exporting Countries (OPEC) July 2026
Global Oil Market Tightens as Inventories Fall, OPEC Supply Gap Widens Declining OECD stocks and stronger demand signal firmer crude prices in coming months By Our Correspondent The global oil market is showing signs of tightening as commercial oil inventories continue to decline and world oil demand outpaces supply growth, reinforcing expectations of sustained support
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L’Afrique sera l’un des principaux moteurs de la croissance de la demande mondiale d’énergie, portée par le pétrole, le gaz et les énergies renouvelables d’ici 2050, selon l’OPEP Par Eyo Nsima Les pays africains devraient devenir l’un des marchés énergétiques les plus dynamiques au monde au cours des vingt-cinq prochaines années, grâce à une
Africa to Lead Global Energy Demand Growth as Oil, Gas and Renewables Expand to 2050 — OPEC By Eyo Nsima African countries are expected to emerge as one of the world’s fastest-growing energy markets over the next 25 years, driven by rapid population growth, industrialization, urbanization and expanding electricity access, according to the latest long-term
L’avenir énergétique de l’Afrique dépendra de la technologie et d’une croissance inclusive, selon les scénarios de demande pétrolière de l’OPEP Par Eyo Nsima Les pays africains sont confrontés à un choix stratégique majeur en matière de politique énergétique pour les prochaines décennies, alors que les dernières perspectives de l’Organisation des pays exportateurs de pétrole (OPEP)
