Oil prices climbed sharply after US and Israeli strikes on Iran and retaliatory attacks disrupted shipping…
Tag: OPEC+
US–Iran Conflict Raises Risk of Higher Fuel Prices in Nigeria
Energy experts say petrol and diesel prices in Nigeria could rise if global crude oil prices…
India Pulls Back From Russian Oil Amid US Sanctions
Currently, India’s purchases of Russian crude oil are likely to stabilise or decline this month. In…
Nigeria: Oil Price Stands at $67 as US–China Tensions Ease
Nigeria’s oil prices stabilised near $67 a barrel this week as traders regained confidence in global…
Oil Market Surplus to Grow as OPEC+ Raises Supply, IEA Reports
World oil supply will rise more rapidly this year, and a surplus could expand in 2026…
OPEC+ Panel Stresses Compliance After Surprise Oil Output Hike
Top OPEC+ ministers stressed the need for full compliance with oil output targets and plans to…
OPEC Giants to Gain as China and India Seek Oil Alternatives
Oil refineries in China and India, major consumers of Russian oil, are increasingly turning to oil-producing…
Oil Prices Increase After OPEC+ Extends Output Cuts
Oil prices increased slightly on Monday, March 4, following the widely expected extension of voluntary output…