Oil & Gas - Intelpoint

Petrol prices in Nigeria rose by 52% between August 2024 (₦830.5) and March 2025 (₦1,261.7).
The highest monthly increase was in September 2024 (+24.1%), while the sharpest drop came in April 2025 (-17.1%).
By July 2025, prices had eased to ₦1,025, still 23% higher than a year earlier.
NNPC retail outlets offered significantly lower prices than the national average, with Abuja as low as ₦880 at the March 2025 peak.
Dangote Refinery offered relatively competitive pricing, ranging from ₦840 to ₦899, creating an alternative supply option.

The United States dominates global natural gas production in 2024, contributing 1.03 trillion cubic metres (Tcm), nearly one-quarter of the world’s total.
Russia (0.63Tcm) and Iran (0.26Tcm) follow as the second and third largest producers.
China (0.25Tcm) and Canada (0.19Tcm) also feature strongly, rounding out the top five producers.
Collectively, these top five countries account for more than 50% of global production.
Emerging producers like Nigeria, Egypt, and Azerbaijan contribute significantly to the supply but remain far behind the leading nations.

Nigeria led with 78.9 Mtoe, accounting for over 22% of Africa’s total oil output.
Algeria (59.3 Mtoe) and Angola (57.4 Mtoe) followed closely; the three top producers together supplied] 56% of the continent’s oil.
Africa’s total oil production was 345.5 Mtoe, just 7.6% of the global total (4,542.7 Mtoe).
The top 5 producers accounted for over 80% of Africa’s oil.

The United States of America dominated the production of gas oil with 234,886 metric tons, making up 32.4% of the global total in 2023.
Only four countries in Africa, Niger, Chad, Ghana and Zambia, produced gas oil.
Africa barely produced 0.13% of the global total of gas oil.
Australia imported 25.1k metric tons of gas oil, making it the country with the highest quantity of gas oil import in 2023.

The United States of America led the production of black liquor with 696.0PJ produced making up 38.9% of the global total produced in 2023.
South Africa is the only African country producing black liquor with 16.4PJ produced making up 1% of the global total.
The total amount of black liquor produced globally in 2023 was 1,787PJ.
Sweden, Canada, Finland and Japan produced 185.1PJ - 10.4%, 157.9PJ - 8.8%, 142.5PJ - 8.0% and 133.0PJ - 7.4% respectively.

The Democratic Republic of Congo is the highest charcoal-producing country in Africa with 274.62PJ (petajoules) of charcoal produced in 2023.
Nigeria is the ninth country on the list, with 43.76PJ.
The total amount of charcoal produced in Africa in 2023 was 1,367.26PJ.
Africa claims 69.2% of the total quantity of charcoal produced globally.

The highest-ranked countries have managed to provide electricity to every single citizen.
Four of the six countries with 100% access are from North Africa.
The list isn't a continuous climb; there's a big jump down from the 100% group to the rest of the top 15.
The data shows that with the right investment and policies, it is a very realistic goal for a country to achieve full electrification.

The low access rates in nations like South Sudan and the Central African Republic are often linked to conflict and instability.
Fourteen countries on the continent have less than 50% of their population with electricity.
At the very bottom of the list, South Sudan has a 5.40% access rate, while Burundi stands at 11.60% and Chad at 12.00%.
Twelve African countries have less than 40% access.

Coal contributes a staggering 81.8% of South Africa’s total electricity generation.
Renewables remain marginal, with wind, solar photovoltaic (PV), and solar thermal collectively accounting for less than 8%.
Nuclear power holds a modest role, supplying 3.73% of the total output.
Hydropower and oil are limited contributors, together making up just over 6%.
Clean energy is growing, but slowly, with solar photovoltaic (PV) and wind leading the charge among non-fossil sources.

The United States of America led the production of black liquor with 696.0PJ produced, making up 38.9% of the global total produced in 2023.
South Africa is the only African country producing black liquor with 16.4PJ produced, making up 1% of the global total.
The total amount of black liquor produced globally in 2023 was 1,787PJ.
Sweden, Canada, Finland and Japan produced 185.1PJ (10.4%), 157.9PJ (8.8%), 142.5PJ (8.0%), and 133.0PJ (7.4%), respectively.

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