Tag: OPEC

Nigeria has failed to meet its OPEC-mandated crude oil production target, raising fresh alarms about the structural rot at the heart of Africa's largest oil economy and casting a long ...

Nigeria’s crude oil production posted a modest rebound in March 2026, climbing to 1.38 million barrels per day (bpd), according to the Organization of Petroleum Exporting Countries (OPEC). The figure, ...

Nigeria's oil sector is off to a troubled start in 2026, with output falling short of both budget and OPEC targets despite favorable oil prices. Figures released by the Nigerian ...

Nigeria's crude oil production climbed to 1.459 million barrels per day in January 2026, according to figures released on Wednesday by the Organization of Petroleum Exporting Countries (OPEC), marking a ...

Nigeria generated approximately N55.5 trillion from crude oil sales in 2025, representing a 9.1% increase from the N50.88 trillion earned the previous year, according to an analysis of official data ...

British prosecutors on Tuesday alleged that former Nigerian oil minister, Diezani Alison-Madueke, lived a “life of luxury” funded by bribes received during her time in office. Alison-Madueke, the first woman ...

Global oil prices staged a Friday recovery following President Donald Trump's latest threats against Iran, with traders factoring in the possibility of military confrontation that could choke off supplies from ...

Nigeria's oil sector faced another setback in December 2025, as the nation's crude production registered approximately 1.42 million barrels per day (bpd), falling 80,000 barrels short of its Organization of ...

Oil prices edged lower in Monday trading as markets absorbed the stunning news of Venezuelan President Nicolas Maduro's detention by U.S. forces, with traders concluding that ample global supplies would ...

Global oil benchmarks edged lower on Tuesday as traders digested OPEC+'s surprise decision to halt output increases, interpreting the move as tacit recognition of mounting oversupply concerns in global energy ...