Nigeria ready for output cuts as OPEC mulls deeper cuts to rebalance market
Amid current global oil glut that have seen oil prices slump to a 10-month low despite OPEC members agreed cuts ...
Thursday, June 25, 2026
Tag: Oil & gas
British Petroleum doubles down deepwater drilling despite surging shale
The British Petroleum (BP) has intensified efforts on deep-sea drilling of crude at its platforms in the Gulf of Mexico ...
Oil revenues from producing states make up 41% of N418.8bn shared by FG in May
Nine oil producing states, including Lagos, contributed N174.99 billion (or 41 percent) in oil revenues to the N418.82 billion shared ...
Bearish oil prices persist as OPEC focuses on surging Libyan, Nigerian output
Bears are dominating the oil market. Hedge funds cut bets on rising West Texas Intermediate crude prices by 31 percent ...
Qatar’s emir meets Exxon Mobil Corp CEO over energy supply talks
The emir of Qatar met with Exxon Mobil Corp chairman and CEO Darren Woods in Doha on Saturday for talks ...
Oil, gold and bitcoin
The falling price of oil did not garner any mainstream financial media attention until today, when U.S. market participants woke ...
OPEC has few escape routes from another bear market in oil
Oil’s back in a bear market and investors remain unmoved by last month’s agreement to prolong supply cuts, leaving OPEC ...
Nigeria’s oil production falls 29.55% year-to-date below budget benchmark of 2.2mbpd
Nigeria’s suboptimal oil production levels of 1.55 million barrels per day year-to-date is 29.55 percent below the 2017 budget benchmark ...
Indonesian firm to build refinery in Nigeria
The Federal Government’s plan to attract investment in modular refineries as part of efforts to boost local refining capacity has ...
Oil price slumps to seven-month low as Saudi king unveils successor
A renewed slump in oil prices to seven-month lows dragged down world stocks and long-term bond yields on Wednesday, as ...
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