New crude grade variants, Utapate and Cawthorne, have boosted Nigeria’s crude oil production by 12.16 million barrels. The crude grades, introduced in 2024 and early 2026,...
OPEC oil output in May hit its lowest in more than two decades, a Reuters survey found, as a U.S. naval blockade cut Iran’s exports and...
OPEC+ ministers decided Sunday to increase oil quotas by a total 188,000 barrels per day for July, in a move analysts said would be unlikely to...
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The United Arab Emirates (UAE) has withdrawn from the Organisation of the Petroleum Exporting Countries (OPEC) and the broader OPEC+ alliance.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...
