OPEC

Oil prices rose on Monday as stalled Iran talks raised concerns over supply disruptions. Brent gained 0.5% to $88.95 a barrel, while WTI rose 0.3% to $82.65. Both gained more than 5% last week. Slower shipping through the Strait of…
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By A Research Analyst  Oil prices rose nearly 2% on Monday as uncertainty over the reopening of the Strait of Hormuz renewed supply concerns. Brent climbed 1.7% to $84.95 a barrel, while WTI rose 1.7% to $79.51. Iran’s conditions…
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The Organization of Petroleum Exporting Countries (OPEC), yesterday said Nigeria’s economic outlook remains positive based on oil production, infrastructure investment and stronger business activity. This was contained in its…
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...The 1.56 million daily average production Nigeria witnessed in June is the highest that Africa’s biggest oil producer has recorded since April 2020 Nigeria’s crude oil and condensate production soared to an average of 1,735,398…
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The Pipeline Infrastructure Nigeria Limited (PINL), has tied Nigeria’s recent increase in crude oil production and the ability to produce above OPEC production quota to the improvement in the safety and security of pipelines, including…
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Nigeria has exceeded its OPEC crude oil production quota for the first time in 2026, with improvements along the Trans Niger Pipeline (TNP) under the management of Pipeline Infrastructure Nigeria Limited (PINL) contributing…
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AI-made The energy industry is unique in that countries and companies that collaborate toward the same cause are able to achieve more than if they were to remain isolated. This explains the constant agreements between different nations…
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Nigeria’s fragile economic recovery is facing fresh headwinds as falling oil prices, a weakening naira and looming flood threats raise concerns over government revenues, external reserves and food inflation, according to the latest…
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Nigeria’s crude oil output increased to 1.489 million barrels per day (bpd) in April 2026. This level marks the highest production in four months and shows the country moved closer to its OPEC quota. OPEC data showed that Nigeria…
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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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