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Reforms, new investments, strengthened local content stimulate oil sector successes in 2025 – Minister
03 Jan 2026 04:49 GMT
… of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri … retention, the Nigerian oil sector delivered real results … crude production quota set for it by the Organisation of the Petroleum Exporting … Countries (OPEC).
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Hunted oil tanker re-emerges mid-Atlantic ‘under new flag’
03 Jan 2026 08:00 GMT
… Bella 1, a very large crude carrier (VLCC), began signalling … to shut off Venezuela’s oil revenues.
Two other VLCCs — … reroute their ships.
Venezuelan crude loading operations have continued since … the US blockade has cut oil exports this month to about half …
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Beyond The Resignations In Nigeria’s Oil Sector
03 Jan 2026 04:18 GMT
… Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), … as Africa’s premier oil exporter, Nigeria cannot tolerate such … with prioritising imported fuels and impeding domestic output … integrity. Dangote’s refinery could slash imports by …
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Oil Prices Rise on Geopolitical Tensions, Dollar Begins 2026 on Weak Footing
03 Jan 2026 02:50 GMT
… , with the yen an exception.
Oil prices edged up on the … pressured Venezuela's exports.
Brent crude futures climbed 14 cents on … .99 a barrel, while U.S. West Texas Intermediate crude was at …
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Crude Oil Edges Lower Following Steep Drop In 2025
03 Jan 2026 01:58 GMT
(RTTNews) - Crude oil prices have edged lower during … decrease by the price of crude oil comes as traders weighed potential … Organization of the Petroleum Exporting Countries and its allies (OPEC+) for direction, given …
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Oil settles lower after biggest annual loss since 2020
03 Jan 2026 00:56 GMT
… .75 a barrel, while US West Texas Intermediate crude eased 10 … cents to US$57.32.
HOUSTON: Oil … war in Ukraine and Venezuela exports.
Brent crude futures closed down 10 … .75 a barrel, while US West Texas Intermediate crude eased 10 …
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US announces additional sanctions on 4 Venezuela oil companies amid Maduro crackdown
03 Jan 2026 00:46 GMT
… provide financial resources that fuel Maduro’s illegitimate narco … regime to profit from exporting oil while it floods … oil industry and strong-arm political change. Petroleum is Venezuela’s primary export … chill on Venezuela’s oil exports by making companies …
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Oil Prices Fall After Biggest Annual Loss Since 2020
03 Jan 2026 00:06 GMT
… exports.
Brent crude futures lost 55 cents to $60.29 a barrel … operating in Venezuela’s oil sector.
"Despite … concerns, the oil market seems unmoved. Oil prices are locked … the OPEC+ group comprising the Organization of the Petroleum Exporting Countries …
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Oil Prices Settle Lower After Biggest Annual Loss Since 2020
02 Jan 2026 23:38 GMT
… a barrel, while U.S. West Texas Intermediate crude eased … four companies and associated oil tankers it said were … concerns, the oil market seems unmoved. Oil prices are locked … on Thursday.
OPEC+, the Organization of the Petroleum Exporting Countries and …
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Crude Prices Pressured by Concerns About a Global Oil Glut
02 Jan 2026 23:04 GMT
Oil barrels stacked on each other by Kalulu via iStock February WTI crude oil (CLG26 … Russian refineries over the past four months, limiting Russia's crude oil export … have curbed Russian oil exports.
Crude also garnered support after OPEC+ on November 30 …