Nigeria’s oil output still hampered
An exemption from Opec’s supply deal will mean nothing unless the unrest abates
Alongside Libya and Iran, Nigeria is to be exempt from Opec's proposed - though by no means finalised - supply cuts. It's the least the country's embattled oil and gas sector needs. But it also implies that Nigeria's output can rise to reclaim the loftier levels of 2.2m barrels a day targeted by state company Nigeria National Petroleum Corporation (NNPC). For now, that looks a distant hope. Output remains hamstrung by unrest, at around 1.5m b/d. Despite recent talks between the government and saboteurs in the Niger Delta, the violence continues. In response, so do president Muhammadu Buhari's pledges to crush the unrest. Nonetheless, Nigeria continues to lose its grip on wholesale theft of o
Also in this section
19 January 2026
Newfound optimism is emerging that a dormant exploration frontier could become a strategic energy play and—whisper it quietly—Europe’s next offshore opportunity
16 January 2026
The country’s global energy importance and domestic political fate are interlocked, highlighting its outsized oil and gas powers, and the heightened fallout risk
16 January 2026
The global maritime oil transport sector enters 2026 facing a rare convergence of crude oversupply, record newbuild deliveries and the potential easing of several geopolitical disruptions that have shaped trade flows since 2022
15 January 2026
Rebuilding industry, energy dominance and lower energy costs are key goals that remain at odds in 2026
