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BREAKING: United Arab Emirates to Exit OPEC and OPEC+ From May 1

DUBAI, United Arab Emirates — The United Arab Emirates has announced it will withdraw from Organization of the Petroleum Exporting Countries, OPEC, and the...

Tinubu Shrugs Off Trump Tariffs, Says Nigeria Hit 2025 Revenue Target

ABUJA, Nigeria — President Bola Tinubu said that Nigeria met its annual revenue target months ahead of schedule, citing strong non-oil earnings that have...

Libya Surpasses Nigeria as Africa’s Top Crude Oil Producer

TRIPOLI, Libya - Libya has overtaken Nigeria as the continent's highest crude oil producer. According to the latest data from the Organization of Petroleum Exporting...

Dangote, Kaduna, BUA Refineries to Depend on Imported Crude as Oil Theft Continues

ABUJA, Nigeria - The Nigerian National Petroleum Company Limited, NNPCL, is poised to begin the importation of approximately 110,000 barrels of crude oil daily...

Former OPEC President Alison-Madueke Faces Bribery Charges in the UK

LONDON, England — The United Kingdom National Crime Agency, NCA, announced on Tuesday, August 22, 2023, that Diezani Alison-Madueke, former president of the Organisation...

Oil Prices Fall As OPEC Meeting Begins

Oil prices fell along with weak stock markets on Thursday, December 6, 2018, but trading was tepid ahead of a meeting by the Organisation...

Qatar To Quit OPEC In 2019

Qatar is to leave OPEC next month in order for the Gulf state to focus on gas production, Energy Minister Saad al-Kaabi announced on...

Donald Trump ‘Renegade’ Tweets Pushing Up Oil Prices – OPEC

United States President Donald Trump, who recently called on OPEC producers to help reduce oil prices, has raised prices through his tweets, Iranian OPEC Governor...

Oil Prices Plunge As Iran, US Boost Production

Oil prices fell on Monday, January 9, 2016 as increased exports from Iran undermined efforts by other oil producers to curb a global fuel...

Oil Prices Rise As OPEC And Non-OPEC Producers Meet

Oil prices extended gains on Friday, December 9, 2016 on optimism that non-OPEC producers would agree to cut output following a cartel agreement to...

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