Connect with us

News

Oil output slumps as Nigeria, Libya, Venezuela drag OPEC+ targets

Published

on

Nigeria, Libya and Venezuela recorded drops in crude oil production in October, undermining the output levels set by the Organisation of the Petroleum Exporting Countries and its allies, OPEC+, for the month.

According to a Reuters report on Tuesday, OPEC’s overall output rose by just 30,000 barrels per day in October, a sharp contrast to the 330,000 bpd increase recorded in September, despite earlier agreements to boost supply.

Data from OPEC’s Monthly Oil Market Report for October, obtained by Channels Television, showed that Nigeria’s crude production, which fluctuated between 1.3 million and 1.4 million barrels per day from January to June 2025, rose briefly to 1.5 million bpd in July before sliding back to 1.4 million bpd in August and 1.3 million bpd in September.

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Bayo Ojulari, attributed the production decline to the “crisis between the Dangote Refinery and the Nigeria Union of Petroleum and Natural Gas Workers as well as the Petroleum and Natural Gas Senior Staff Association of Nigeria.”

Oil prices slipped on Wednesday amid global market weakness and a stronger US dollar as investors reassessed supply dynamics.

Brent crude futures fell by 6 cents (0.1%) to $64.38 per barrel by 5:08 a.m. WAT, hitting a near two-week low. U.S. West Texas Intermediate also declined by 10 cents (0.17%) to $60.46, while the OPEC Basket shed 0.26 cents (0.39%) to $66.72 per barrel.

“The risk-off tone across markets saw investors exit energy markets,” ANZ analysts wrote in a client note quoted by Reuters.

See also  Ibas meets Tinubu and EFCC chair in Aso Rock

“Crude oil is trading lower … as risk sentiment shifted sharply negative, boosting the safe haven U.S. dollar, both of which weighed on the crude oil price,” IG market analyst Tony Sycamore stated.

Further pressure came after the American Petroleum Institute reported a rise in U.S. crude inventories for the week ending October 31.

On the supply front, OPEC+ announced plans to raise production by 137,000 bpd in December but said it would pause further increases during the first quarter of 2026.

However, analysts at LSEG cautioned that the pause was “unlikely to offer meaningful support to November and December prices.”

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Something Is Buried There – Doris Ogala Urges DSS To Probe Pastor Okafor’s Altar

Published

on

Nollywood actress, Doris Ogala has taken her dispute with Pastor Chris Okafor, founder of the Mountain of Liberation and Miracle Ministry, to a new level by calling on Nigeria’s Department of State Services to step in.

It was reports that the actress made the call during an appearance on the KAA Truths podcast, where she spoke about the church altar and said security authorities should examine what is beneath it.

Her comments comes on the heels of a long-running fallout between her and the pastor, which began over a marriage promise she claimed was made but never kept.

Ogala alleged that a tragic incident happened while the church altar was being built, claiming that the structure collapsed at a point and led to a death.

She also stated that a blogger later noticed something unusual at the site, which allegedly caused concern.

According to her account, the discovery pushed Pastor Okafor to reach out to her privately to ask how the situation could be handled and how the blogger could be silenced.

She insisted that the DSS should visit the church, dig up the altar area, and carry out a proper investigation to clear the air.

The actress has had several public clashes with the pastor in recent times, including sharing personal videos online.

She said: “DSS should go to that church and open his altar. I wouldn’t say further than that. When they were building that place, that place collapsed, somebody died. Apart from somebody dying, there is a blogger that found something on the ground. This man was begging, he called me and asked me what he could do to let the blogger close his mouth. DSS should go and open that altar. The church altar where he used to stand, they should dig it up and open it.”

See also  Insecurity: Tinubu meets service chiefs as military pounds terrorists

FOLLOW US ON:

FACEBOOK

TWITTER

PINTEREST

TIKTOK

YOUTUBE

LINKEDIN

TUMBLR

INSTAGRAM

Continue Reading

News

US Suspends Legal Immigration Applications, Citizenship For Nigerians, Others

Published

on

The United States Government has temporarily halted legal immigration applications filed by Nigerians and nationals of other countries newly added to the US “travel ban” proclamation this week, CBC News reports.

The suspension primarily impacts immigrants from certain African and Asian countries, marking a further escalation of a broad crackdown on legal immigration initiated by the Trump administration this month.

Many of those affected by the pause are believed to be legal immigrants already in the United States who are seeking to change their immigration status or become US citizens.

Earlier in December, the Trump administration directed US Citizenship and Immigration Services (USCIS) to freeze all immigration petitions, including requests for American citizenship and permanent residency, made by individuals in the US who are nationals of the 19 countries originally banned or restricted under the travel ban imposed in June.

That order, commonly referred to as the “travel ban” was one of several immigration restrictions announced in the aftermath of the Thanksgiving week shooting of two National Guard soldiers in Washington, D.C., an attack reportedly carried out by an Afghan national.

The administration also suspended decisions on asylum cases handled by USCIS and the processing of all immigration and visa requests by Afghans.

Additionally, on Tuesday, Trump expanded the travel ban proclamation to include 20 more nations, fully barring immigrants and travellers from five new countries and partly restricting entry from 15 others.

Speaking with CBS News on Friday, a US official, who requested anonymity due to the internal nature of the changes — said USCIS has broadened its suspension of immigration cases to include the new nationalities added to the proclamation.

See also  Nigerian Senate approves 10-year passport ban for Nigerians convicted abroad

The pause will now affect nationals of Burkina Faso, Mali, Niger, South Sudan and Syria, the new countries facing full travel bans.

It will also impact those from Angola, Antigua and Barbuda, Benin, Côte d’Ivoire, Dominica, Gabon, Gambia, Malawi, Mauritania, Nigeria, Senegal, Tanzania, Tonga, Zambia and Zimbabwe, who face partial restrictions under the latest directive.

Previously, the suspension applied to nationals of Afghanistan, Burundi, Chad, Cuba, the Republic of the Congo, Equatorial Guinea, Eritrea, Haiti, Iran, Libya, Laos, Myanmar, Sierra Leone, Somalia, Sudan, Togo, Turkmenistan, Yemen and Venezuela.

In his latest proclamation, Trump imposed a full entry ban on citizens of Laos and Sierra Leone, which previously faced only partial restrictions.

In a statement posted on social media late Thursday, USCIS Director Joseph Edlow appeared to allude to the expanded travel ban.

“USCIS is conducting a comprehensive review of anyone from anywhere who poses a threat to the US, including those identified in the President’s latest proclamation to restore law and order in our nation’s immigration system,” Edlow wrote.

Taken together, Trump’s latest travel ban affects nationals of over 60 per cent of countries in Africa and roughly 20 per cent of all nations worldwide.

Trump has defended the sweeping restrictions as necessary to safeguard national security and address concerns about the ability to vet people from the affected countries.

However, the decision has sparked reactions among Nigerians, with many denouncing the move as unfair and exaggerated, dismissing the security and religious freedom concerns cited by Washington.

Commentators highlighted potential diplomatic embarrassment and economic harm, while disputing or downplaying the rationale given by US officials.

See also  Trump heads to Asia for Xi talks, eyes Kim

Former senator Shehu Sani described the ban as “a clear signal that migrants from developing countries are no longer welcome.”

FOLLOW US ON:

FACEBOOK

TWITTER

PINTEREST

TIKTOK

YOUTUBE

LINKEDIN

TUMBLR

INSTAGRAM

Continue Reading

News

Yuletide: FRSC intensifies patrols, public awareness to curb road crashes

Published

on

The Federal Road Safety Corps (FRSC) has inaugurated a nationwide high-impact operation aimed at reducing road crashes and enforcing strict compliance with traffic laws during the end-of-year travel season.

The Corps Marshal of the FRSC, Shehu Mohammed, has ordered the total deployment of personnel and operational assets across the country under the 2025 Operation Zero Tolerance Exercise.

The directive mandates commanding officers in all formations to ensure full-scale enforcement, traffic control, and emergency response on major highways and critical corridors.

According to a statement signed by the corps spokesperson, Olusegun Ogungbemide, on Saturday, the operation commenced on 15 December 15, 2025 and will run until January 15, 2026.

It is designed as an intelligence-driven initiative focused on round-the-clock patrols, rapid rescue services, and aggressive enforcement of traffic regulations to curb reckless driving and prevent avoidable crashes.

Describing the objective of the operation, the corps said it is determined to dominate the roads and protect lives during the peak travel period. The directive emphasised “zero tolerance for negligence, compromise or operational slack.”

Commanding officers have been instructed to lead from the front and ensure the optimal use of patrol vehicles, ambulances, speed-limiting devices, and other safety equipment.

The corps marshal warned that professionalism and integrity must guide all interactions with road users, adding that “any form of dereliction of duty or compromise will attract severe sanctions.”

The operation also placed a strong focus on eliminating traffic violations that commonly lead to fatal crashes.

Mohammed declared “zero tolerance for mixed loading and distracted driving,” warning that vehicles conveying passengers alongside goods or animals, as well as drivers using phones or engaging in other distractions, will face decisive sanctions.

See also  2027 showdown: Wike-Makinde rift threatens high-stakes PDP convention

In a related move, construction and road maintenance companies working on major highways have been urged to open up carriageways and clear avoidable bottlenecks during the festive period.

The FRSC noted that easing congestion around construction zones would reduce travel hardship and improve road safety for motorists.

Beyond enforcement, the operation includes massive public enlightenment campaigns. FRSC personnel have been directed to intensify safety advocacy at motor parks, markets, religious centres, and other public spaces.

Motorists are being reminded that speeding, drunk driving, dangerous overtaking, overloading, and disregard for road signs remain major causes of fatal crashes and will be firmly addressed.

The corps marshal also called for enhanced collaboration with sister security agencies, emergency responders, transport unions, and community leaders to ensure effective traffic control and swift response to crashes and obstructions.

He noted that the success of the exercise would be measured by “reduced road traffic crashes, fewer injuries and fatalities, improved travel time and increased public confidence in road safety management.”

Reaffirming the agency’s mandate, the FRSC urged road users to take responsibility for their safety and cooperate with enforcement officers.

The corps assured Nigerians of its commitment to delivering safer roads throughout the festive season, in line with its vision of “zero crashes, zero injuries and zero deaths on Nigerian roads.”

punch.ng

FOLLOW US ON:

FACEBOOK

TWITTER

PINTEREST

TIKTOK

YOUTUBE

LINKEDIN

TUMBLR

INSTAGRAM

Continue Reading

Trending