Tag: oil
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Tinubu Orders Direct Oil Revenue Payments to Federation Account
President Bola Tinubu has signed an Executive Order to protect Nigeria’s oil and gas revenues, eliminate waste, and ensure funds are remitted directly to...
Oil Prices Stay Above Nigeria 2026 Budget Benchmark as Global Risks Persist
Global crude oil prices opened the week on a firm note, holding above Nigeria’s 2026 budget reference price of 64.85 dollars per barrel, supported...
Oil Theft Keeps Nigeria’s 2 Million bpd Ambition Out of Reach
Nigeria’s crude oil output is forecast to average about 1.7 million barrels per day in 2026, slightly above its OPEC quota, but the long...
Oil Prices Edge Higher as Sanctions and Venezuela Disruptions Stir Supply Concerns
Global oil prices closed slightly higher as traders weighed growing supply risks linked to potential United States sanctions on Russia and disruptions to Venezuelan...
Oil Market Edges Up as U.S. Tanker Seizure Near Venezuela Sparks Supply Fears
Oil prices closed higher on Wednesday following confirmation that the United States seized an oil tanker near Venezuela, a development that immediately stirred concerns...
