Venezuela's OPEC Exit Sparks Global Drop in Oil Prices
Global crude oil prices declined amid speculation over Venezuela’s planned exit from the Organisation of the Petroleum Exporting Countries, OPEC. A crude oil ma...
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Nigeria Exceeds OPEC Quota by 104% as Crude Production Reaches Highest Level in 74 Months
Nigeria’s crude oil and condensate production soared to an average of 1,735,398 barrels per day in the month of June 2026, representing positive growth for a 4t...
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Nigeria Soars Past OPEC Quota with Record Crude Production
Nigeria has recorded its highest crude oil production in 11 months, hitting 1.70 million barrels per day in May 2026. According to data released recently by the...
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Oil Prices Soar Past $111 a Barrel Following UAE's Exit from OPEC
Crude oil prices surged above $111 per barrel on Tuesday following the United Arab Emirates, UAE, decision to exit the Organization of the Petroleum Exporting C...
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Nigeria’s crude production rises above the OPEC quota for the second time in 2025
The average daily crude production of Nigeria increased above the quota allocated to it by the Organisation of the Petroleum Exporting Countries in June 2025, f...
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