Venezuela Stays Outside OPEC+ Quotas as Targets Hold
OPEC+ held November oil targets at September levels on 4 October. Venezuela is exempt from quotas, but US-bound crude shows...
October 4, 2026Topic
oil production
Nigeria Oil Firm Eyes 100,000 Barrels a Day With Qatari Islamic Financing
A Nigerian oil producer says US$500 million in Islamic financing from Qatar will help lift an onshore block above 100,000...
September 29, 2026
Museveni Says Uganda Is Middle-Income, the World Bank Says Not Yet
Uganda middle-income status is disputed. The World Bank's July 2026 classification still lists Uganda as low income, about US$56 short...
August 20, 2026
Venezuela’s Delcy Rodríguez Courts Saudi Investment Deals
Saudi investment deals push forward as Delcy Rodríguez touts Venezuela’s stability, with IMF unlocking $5B and oil output hitting a...
July 18, 2026
Nigeria’s Oil Production Hits a 74-Month High, Beating Its OPEC Quota
Nigeria oil production hit 1.735 million barrels a day in June 2026 - a 74-month high at 104% of its...
July 13, 2026
Libya Pumps Like It’s 2013, but Libyans See Little of It
Libya oil production reached about 1.49 million bpd, the highest since 2013, as BP, Shell and Exxon return — but...
July 12, 2026
Petrobras has signed a strategic cooperation contract with China’s CNOOC
Brazilian state-owned oil company, Petrobras, has signed a strategic cooperation contract with China's state-run CNOOC.
August 29, 2023
Petrobras forecasts oil production for the next 40 years
On the same day the Union's Attorney General's Office supported oil exploration near the Amazon River delta, Petrobras conveyed its...
August 23, 2023
Second quarter of the year records increase in Venezuelan oil production
The Venezuelan state-run oil company, Petróleos de Venezuela S.A. (PDVSA), experienced a 10.5% increase in oil production during the second...
July 16, 2023