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
2 April 2026
Alongside a rapid continued build-out of renewables, China’s latest five-year plan stresses the value of domestic hydrocarbon production for energy security and calls for increased Russian gas imports
2 April 2026
The government is taking important steps to revive domestic production, lift investment and benefit from the geopolitical crisis even if more needs to be done in the longer term
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
