NEWS
OPEC+ Boosts September Production by 188,000 Barrels Per Day
Saudi Arabia, Russia and five other key members of OPEC+ agreed in an online meeting Sunday to boost oil production by 188,000 barrels a day from September, against a backdrop of disruption caused by the Mideast war.
“The seven participating countries decided to implement a production adjustment of 188 thousand barrels per day,” they said in a joint statement.
The increase, decided by the key countries in the enlarged Organisation of the Petroleum Exporting Countries, was widely expected by analysts.
“OPEC+ has finished unwinding its voluntary cuts. The next challenge is managing the surplus that could emerge as export flows normalise,” said Jorge Leon, analyst at Rystad Energy.
He warned, however, that “today’s decision changes little in the near term because (the Strait of) Hormuz remains constrained. The real market impact will come when normal export flows resume.”
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The Gulf countries have struggled to increase exports due to the near-paralysis of the Strait of Hormuz orchestrated by Iran during the war in the Middle East — despite a brief upswing in shipping traffic after a US-Iran memorandum of understanding was signed in June.
Many OPEC+ members cannot produce as much oil as their official targets allow due to a “decline in production capacity”, so increasing targets has become less meaningful, said Giovanni Staunovo, an analyst at UBS.
The September increase, agreed by OPEC+ countries Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman, completes the unwinding of the second of the three production-cut packages introduced by the organisation.
“Having completed the restoration campaign, OPEC+ has little incentive to rush into further supply changes. Our base case is a fourth-quarter pause while the group prepares for the 2027 quota negotiations,” said Rystad Energy’s Leon.
“For now, geopolitics is masking the scale of the supply increase. That will become much clearer once export flows normalise,” he said.
It remains unclear when the group will actually be able to increase its oil volumes. Some member countries, such as Iraq, have expressed a desire to significantly boost production.
Russia, though, is confronted with repeated Ukrainian drone attacks on its oil infrastructure that have crimped production, currently hovering around nine million barrels per day — compared with a target of 9.8 million barrels per day.
OPEC+ “faces potentially difficult talks over new production quotas” starting next year following the September increase, according to analysts at DNB Carnegie.
Between late 2022 and 2023, OPEC+ became concerned that oil prices were falling, and agreed to cut oil production in three separate rounds, reducing total output by nearly six million barrels per day.
But Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, Oman and the United Arab Emirates — before the latter’s exit from the group on May 1 — then changed their strategy by gradually upping production starting in 2025.
“I don’t think cohesion is at risk at this very moment,” said Leon, warning, however, that the UAE’s withdrawal from the group in May has highlighted a weakness in this area.
Courtesy – AFP
A road accident, involving a tanker truck conveying petroleum products opposite the Odukpani Local Government Secretariat, Cross River State, ignited a fire, leading to the destruction of several shops and affecting vehicles.
These transpired on Sunday, when the tanker accidentally overturned which led to the fire that spread to nearby shops and buildings.
Fortunately, the tanker driver was rescued and taken to a hospital for medical attention.
Confirming the incident, the Cross River State Police Command said that officers from the Odukpani Division were deployed to the scene to secure the area and prevent further harm.
The Command said the Fire Service had also been alerted and was expected to deploy personnel to contain and extinguish the fire.
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As of the time of filing this report, no death has been confirmed.
However, the police said a number of shops and vehicles had been affected by the inferno.
The Command urged residents and motorists to keep away from the immediate area and allow emergency responders unhindered access to the scene.
It also advised members of the public to exercise caution around the area because of the risk posed by the burning petroleum tanker.
The Police Public Relations Officer, ASP Eitokpah Sunday Akata, said further updates would be released as verified information became available.
Nigeria Labour Congress (NLC) President, Joe Ajaero, has accused the administration of President Bola Tinubu of failing to meaningfully engage with organised labour, alleging that the government has remained aloof despite repeated attempts to open dialogue.
Ajaero made the remarks during an appearance on the Mic On Podcast, where he spoke about the relationship between the labour movement and the Federal Government over the past few years.
According to the NLC president, the government has not been engaging with labour and only responds when workers and other groups take steps to force its attention.
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“For the past two, three years, you know, it’s not a government that is engaging. This government doesn’t engage,” Ajaero said.
He described the administration as “aloof”, stressing that meaningful engagement had been lacking between the government and organised labour.
Ajaero recalled that the NLC had, by December 17, 2025, announced plans to take its grievances to the streets after months of attempts to communicate with the President.
He said the labour movement had written to President Tinubu from June through December but received no response.
“Well, by December 17th, 2025, we pulled out that we are going to the streets. After writing a letter from May, sorry June, to December to Mr. President and there was no response,” he said.
According to him, the planned action eventually led to the intervention of some state governors, who facilitated an interface between labour and the government.
He said the intervention became necessary after other channels of communication, including the office of the Minister of Labour, had failed.
“Because the whole channel—whether through the Minister of Labour or any other office—failed, collapsed. So some governors met with us, and since that time we have talked once or twice,” Ajaero said.
However, the NLC president suggested that the situation had not significantly improved, alleging that the issues raised by labour since December had largely been left unresolved.
“And those issues… December last year to now, they’re just doing their business. Everybody is their enemy,” he added.
The Nigeria Police Force has disclosed a series of operational successes recorded across eight states, including the rescue of kidnapped victims, the recovery of firearms and rocket launchers, the repulsion of bandit attacks and the arrest of suspects linked to armed robbery and murder.
The Force made the disclosure on Saturday, October 3, 2026, in its 24-hour operational update covering security operations recorded on October 2 and related reporting periods.
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According to the Police, the operations were recorded in Sokoto, Benue, Katsina, Ogun, Taraba, Cross River and Oyo states.
Sokoto: Police Foil Bandit Attack, Recover Rocket Launchers
In Sokoto State, Police tactical teams, the Anti-Kidnapping Unit and the Violent Crime Response Unit (VCRU) engaged suspected bandits who attacked Tsabre Village.
The Police said the attackers were overpowered and fled into the forest with casualties.
A subsequent bush-combing operation led to the recovery of two rocket launchers, two empty AK-47 magazines, a Tecno keypad phone, a torchlight, an army jungle hat, a sweater cap, five pairs of sandals and a rain jacket.
The Police said no casualty was recorded on its side.
Katsina: Bandits Repelled on Funtua-Zaria Road
In Katsina State, a joint team comprising VCRU, 83 Police Mobile Force (PMF) and other tactical operatives engaged suspected heavily armed bandits who reportedly blocked the Funtua-Zaria Road and opened fire on commuters.
The Police said the attackers were repelled and traffic flow was restored along the road.
Four injured commuters were evacuated for medical treatment.
The incident is being investigated by the SCID, Katsina.
Ogun: Police Rescue Nine Kidnapped Travellers
In Ogun State, the Police disclosed the rescue of nine travellers who were kidnapped on September 29, 2026, by armed men along the Benin-Sagamu Expressway.
According to the Force, the victims were released unharmed following sustained pressure mounted by the Police and sister security agencies.
“Their statements were taken and they were reunited with their families,” the Police said.
The case is being investigated by the SCID, Abeokuta.
Katsina: Four Kidnap Victims Rescued
The Police also reported the rescue of four kidnapped victims in Katsina State, as reflected in its consolidated operational returns for the reporting period.
The Force said the matter was being investigated by the SCID, Katsina.
Oyo: Three Arrested Over Alleged Robbery, Murder
In Oyo State, operatives of the VCRU arrested Akinrinola Oluwatobi, 28; Okunola Mathew, 24; and Ibrahim Rabiu, 23, in connection with the alleged armed robbery and murder of Mrs Wahab Rukayat.
The Police said the suspects were arrested following credible intelligence after operatives raided a criminal hideout in the Sabo area of Ibadan.
An iPhone 7 Plus belonging to the deceased was reportedly recovered during the operation.
The Force further stated that the complainant identified the suspects during an identification parade and that they confessed to the crime.
The case is being investigated by the SCID, Ibadan.
The Police said the various operations formed part of its ongoing efforts to combat banditry, kidnapping, cult-related activities, armed robbery and other crimes across the country.
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