Tag: oil
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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...
Nigeria’s Non-Oil Revenues Rise 40% as Oil Sector Declines
Nigeria has posted its strongest revenue growth in decades, with non-oil collections surging to ₦20.59 trillion between January and August 2025, a 40.5% jump...
Oil sells over $80 per barrel amid Iran’s helicopter tragedy and increasing tensions
Following a string of incidents over the weekend, increased geopolitical dangers in Russia and the Middle East came into stark relief, causing oil prices...
