Nigeria is confronting fresh challenges to its crude oil production ambitions even as global oil prices have surged well above the Federal Government’s 2026 budget benchmark, raising questions about the country’s capacity to maximise export earnings amid persistent operational and security constrai»»»

Add as a preferred source Nigeria is confronting fresh challenges to its crude oil production ambitions even as global oil prices have surged well above the Federal Government’s 2026 budget benchmark, raising questions about the country’s capacity to maximise export earnings amid persistent operati»»»

OPEC+ agreed on Sunday a fourth straight hike in its oil output targets in as ​many months, the organization said in a statement, ​even though ⁠the ongoing conflict in the Middle East is still stopping several of the group's members from pumping more. The war has cut oil flows via the Strait of Hor»»»

Across Africa, economies remain closely tied to the oil market. OPEC and its allies recently announced a production increase of 188,000 barrels per day, though the move remains largely symbolic, as actual output still falls below quotas. The situation is being driven in part by tensions in the Midd»»»

Mumbai (Maharashtra) [India], March 9 (ANI): The escalating conflict in West Asia and disruption of flows through the Strait of Hormuz could have significant implications for India and the global economy, potentially pushing crude oil prices higher and adding to inflationary pressures, according to»»»

Indonesia’s Minister of Energy and Mineral Resources, Bahlil Lahadalia, assured the public on Monday, March 9, 2026, that the government will not raise fuel prices in the near term, despite global crude oil prices reaching $115 per barrel. “Until Eid, God willing, there will be no fuel price hike f»»»

2 Iraq’s vital southern oilfields have slashed production by 70% to just 1.3 million barrels per day, with storage tanks at Basra terminals now completely full and export operations grinding to a halt after only two tankers loaded amid the Iran war’s Strait of Hormuz blockade. The country that pump»»»

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