Despite pledges to increase production, OPEC+ saw a decline in collective output in April, driven by shortfalls in sanctioned ...

OPEC's latest report projects slower oil supply growth from non-OPEC+ producers due to declining upstream investments in 2025 ...

World oil supply will rise more rapidly than previously expected this year as Saudi Arabia and other OPEC+ members unwind ...

LAGOS – Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reported that Nigeria’s crude oil production rose to 1.48 million barrels per day (bpd) in April 2025, marking a modest increase ...

Oil prices are not likely to recover much as a significant surplus is looming on the market, according to analysts.

The Organisation of the Petroleum Exporting Countries (OPEC) says Nigeria retained its position as the largest crude oil ...

The group agreed to raise output in June, a sign that Saudi Arabia and its allies appear to be weary of cutting output and ...

The NUPRC says Nigeria’s oil production increased to 1,485,700 barrels of oil per day (bpd) in April. According to NUPRC's ...

Lower fuel costs could create savings for consumers, but economic threats posed by tariffs still a concern, a local economist ...

Nigeria’s crude oil production climbed to a two-month high in April, signalling modest recovery efforts in Africa’s largest ...