Oil prices rise as Saudi supply risks come into focus
Oil prices rose sharply on Thursday, supported by supply risks as the market assesses the fallout from last weekend’s drone ...
Monday, May 25, 2026
Tag: Crude oil
U.S. emerges fastest growing crude oil producer
The U.S has emerged as the fastest growing crude oil producing region. This is according to the latest data published ...
Kenya concludes first crude oil export
Kenya, one of the most prominent countries in East Africa, has successfully concluded it's first export of crude oil. The ...
Oil rises as U.S. crude stocks fall, market awaits U.S. Fed rate cut
Oil prices rose for a fifth day on Wednesday, supported by a larger-than-expected drop in U.S. inventories and investor expectations ...
NNPC vows to promptly remit crude sales funds to federation account
The Nigerian National Petroleum Corporation (NNPC) has restated its commitment to the prompt payment of proceeds from its operations to ...
Nigeria, Angola, Brazil to contribute 62% global FPSO crude production by 2025
By Samson Echenim Brazil, Angola and Nigeria are expected to contribute around 62 percent of global crude production capacity through ...
Oil hits six-week high on Gulf of Mexico storm, Iran tensions
Oil prices hit a six-week high on Thursday as oil rigs in the Gulf of Mexico were evacuated ahead of ...
Only foreign vessels responsible for freighting $9bn worth of Nigeria crude oil
In 2015, Nigeria lost $9 billion in crude oil freight to foreign vessels which lifted all of the country's production for that ...
Nigeria’s August crude production hits 1.87mbpd as OPEC’s total output reaches 32.89mb
Nigeria’s crude oil production rose by 70,000 barrels per day in the most of August reaching 1.87 million barrels per day from a July level of 1.8 million ...
OPEC production climbs by 35,000 bpd to 31.87m bpd in May, report shows
Crude oil production by member countries of OPEC rose in May, the Organization of the Petroleum Exporting Countries and Russia ...
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