News Oil & Gas

PRESSURE MOUNTS ON NIGERIA’S CRUDE OUTPUT AS AGING ASSET DEPLATE WITHOUT NEW INVESTMENT

Nigeria’s crude oil production is coming under fresh pressure as output from the country’s aging oil assets continues to slide, raising new concerns about government revenue and foreign exchange inflows. New data from the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, shows that average production from five mature oil fields fell sharply in June 2026. Output […]