Nigeria’s oil production to take 200,000bpd hit amid underinvestment – IEA

Poor investments into oil exploration due to the perceived unfavourable fiscal regime by investors will cut Nigeria’s oil production by at least 200,000 barrels per day (bpd) before 2026, the International Energy Agency, a Paris-based think tank advising European countries on energy policy, has said. In its closely-watched medium-term market forecast released on Wednesday, the…