OPEC

Global oil prices rallied sharply on Monday, with benchmarks gaining up to 6 per cent as escalating tensions between the United States and Iran heightened fears of supply disruption. International benchmark Brent crude jumped by 5.5…
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Oil and gas companies operating in Nigeria paid an estimated $646 million in gas flaring penalties in 2025, the highest level in five years, as emissions surged. This development revealed persistent gaps in the country’s…
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Oil prices tumbled and stock markets rallied on Wednesday on reports that the United States had sent a peace plan to Iran. Image: Wikimedia Commons Oil prices tumbled and stock markets rallied on Wednesday on reports that the United…
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Nigeria could raise its crude oil production by approximately 100,000 barrels per day over the next few months, the Group Chief Executive Officer of the Nigerian National Petroleum Company, Bashir Bayo Ojulari, has said, as the country…
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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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