UAE withdraws from OPEC amid global energy crisis
The United Arab Emirates has announced its withdrawal from OPEC and the OPEC+, marking a significant rupture in the global ...
Thursday, April 30, 2026
Tag: OPEC
Nigeria’s oil recovery falls short of 1.5mbpd targetÂ
Nigeria recorded a rebound in crude oil production in March, but continued to fall short of its 1.5 million bpd ...
Middle East conflicts, cost of living and butterfly effect
The ongoing tensions in the Middle East may seem geographically distant from Nigeria, but the economic effects are already being ...
Nigeria’s vulnerabilities, fragility in rising FPIs, declining oil output
It is most intriguing that at a time Nigeria’s capital importation (hence, external reserves) is rising in leaps and bounds, ...
Oil edges lower ahead of Fed meeting despite geopolitical tensions
Onome Amuge Oil prices eased on Monday, giving back a small portion of last week’s gains as investors balanced mounting ...
Market shrugs off OPEC+ cuts, sending oil prices lower
Oil prices dropped by more than 2 per cent on investor skepticism over the effectiveness of the OPEC+ production cuts ...
Oil prices rise ahead of key OPEC+ meeting on potential supply cuts
Business a.m Oil prices rose on Thursday as investors prepared for the OPEC+ meeting, which could result in further supply ...
Oil slips on eased tensions over potential Israel embargo
Business a.m Oil prices plunged on Thursday, after the Organization of the Petroleum Exporting Countries (OPEC) did not appear to ...
Oil prices surge to highest quotations in 2023 amid supply concerns
By Onome Amuge. Global oil prices jumped to their highest settlement price of 2023, following a ‘larger-than-expected’ slump in US ...
UK charges former petroleum minister,Allison-Madueke to court over alleged bribery
The UK government has announced bribery charges against Diezani Alison-Madueke, former Nigerian oil minister for allegedly receiving substantial financial rewards ...
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