OPEC

In a recent interview shared by Arise News, Senior Partner at SPM Professionals, Paul Alaje, has warned of potential increases in fuel prices if global oil trends continue upward. Speaking on the implications of rising crude oil…
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*There are fears that a period of elevated oil and gas prices could trigger a damaging wave of global inflation Oil prices have risen more than 5 per cent following an Israeli strike on Iran’s South Pars gasfield as the United…
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Oil prices rose around 3% on Tuesday, ​clawing back some of the previous session’s losses on renewed supply fears, with the Strait ‌of Hormuz largely shut and U.S. allies rejecting calls to deploy warships to escort tankers through the…
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Global oil markets rose into renewed turmoil Thursday after crude prices climbed above the $100 per barrel mark, driven by escalating geopolitical tensions in the Middle East and mounting fears of a prolonged disruption to global…
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Nigeria’s crude oil production fell to 1.31 million barrels per day (bpd) in February, according to the Organisation of Petroleum Exporting Countries (OPEC) data. In its monthly report on Wednesday, the oil alliance said the figure…
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Crude oil prices traded in a narrow range on Monday as investors assessed geopolitical developments and supply expectations. Brent crude oil hovered close to the $68 per barrel level, while U.S. West Texas Intermediate remained near…
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Global oil prices remained under pressure on Thursday as markets reacted to advancing negotiations between the United States and Venezuela that could pave the way for sanctioned Venezuelan crude to re-enter international trade flows. …
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Nigeria’s drive to strengthen its energy security and maintain its place in the global oil and gas market is coming under pressure as inadequate private sector investment threatens future supply stability. This warning follows fresh…
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Merger and acquisition activity has now fallen for three straight quarters, according to Enverus, marking a sharp departure from a period of blockbuster deal activity that included the $60 billion combination of Exxon Mobil and Pioneer…
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Global oil prices rebounded sharply this week, with Brent crude climbing back above $70 per barrel, as geopolitical tensions and supply uncertainties rattled energy markets. For Nigeria, Africa’s top oil producer, the rally offers…
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