Rise in number of militant factions complicates peace: BMI Nigeria saw biggest decline of all OPEC members in July: IEA Nigeria’s crude oil production, depressed to near 30-year lows as OPEC peers hit record highs , may be slow to recover as the government faces a proliferation of militant groups staging attacks on energy infrastructure at the heart of its resources. Dethroned earlier this year as the biggest producer on the African continent, Nigerian oil output declined 40,000 barrels a day in July to 1.52 million barrels, the biggest decline among OPEC members for the month, according to the International Energy Agency. Militant attacks picked up after a brief pause in June, further restricting production. While Nigeria’s government has resumed payments to former militants and is trying to establish talks in order to bring an end to the attacks, no apparent progress has been made with the Niger Delta […]