Tag: OPEC

Escalating geopolitical tensions around the Strait of Hormuz are reshaping global energy flows, with India increasingly turning to Nigeria as ...

Nigeria’s oil revenue recorded a significant shortfall of N7.88 trillion against budget expectations, underscoring the persistent fragility of Africa’s largest ...

Nigeria, Africa’s largest crude oil producer, continues to underperform in global energy markets despite intensifying competition for oil supplies amid ...

Seplat Energy chief executive Roger Brown has signaled that escalating geopolitical tensions between the United States and Iran could strengthen ...

Nigeria’s economy remains highly vulnerable to swings in global crude oil prices, underscoring the structural risks of Africa’s largest oil ...

Nigeria’s oil and gas exploration activities experienced a steep decline in April 2026, as upstream drilling operations slowed significantly across ...

The United Arab Emirates’ decision to distance itself further from the Organization of the Petroleum Exporting Countries (OPEC) underscores growing ...

Nigeria remains one of the Organisation of Petroleum Exporting Countries’ most resource-rich members, but new data from the group’s 2026 ...

The United Arab Emirates has announced its withdrawal from both OPEC and OPEC+. The decision, effective May 1, 2026, was ...

Nigeria could raise its crude oil production by an additional 100,000 barrels per day in the coming months, according to ...