Nigeria’s oil revenue performance deteriorated sharply in the third quarter of 2025 and missed budget expectations by a wide margin of 62 percent. This reinforced concerns...
Saudi Arabia, Russia and five other OPEC+ countries increased their oil production quota on Sunday in an expected move aimed at demonstrating continuity at the cartel...
The United Arab Emirates (UAE) has withdrawn from the Organisation of the Petroleum Exporting Countries (OPEC) and the broader OPEC+ alliance. The move marks a significant...
Nigeria’s crude oil production recorded a modest recovery of 69,000 barrels per day in March 2026, even though output remained below the 1.5 million barrels per...
Nigeria has fallen short on her daily crude production as allocated by the Organisation of the Petroleum Exporting Countries (OPEC) for the eight month at a...
The Organisation of Petroleum Exporting Countries (OPEC) crude oil production plunged by the most in at least four decades in March as conflict in the Middle...
The Organisation of Petroleum Exporting Countries and its allies (OPEC+) have once again adjusted crude oil output among key producers, excluding Nigeria from the latest production...
The United States reduced its purchase of Nigerian crude oil sharply in January 2026, with imports dropping by about 47.16 per cent month-on-month, according to the...
The International Monetary Fund (IMF) has opined that there would be significant recovery in Nigeria’s Balance of Payment (BoP) following the ongoing surge in crude oil...
Nigeria’s crude oil production dropped to 1.31 million barrels per day in February, even as local refineries continue to grapple with inadequate domestic crude supply needed...
