Nigeria Crude Swap Plan Aims to Cut Refiners’ Costs
Nigeria's upstream regulator NUPRC is consulting producers and refiners on a crude swap framework intended to strip haulage costs out...
August 17, 2026Topic
OPEC
Nigeria Offers Shell $11.50 Tax Credit to Unlock $20 Billion Deepwater Project
Nigeria gazetted an $11.50-per-barrel Bonga Southwest tax credit for Shell, unlocking a potential $20B investment on 820M barrels of reserves....
July 17, 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
OPEC+ Pumps More Oil, Testing Africa’s Petro-States
OPEC production increase: 188,000 bpd more from August, the fifth straight hike - pressure on the oil prices Nigeria, Angola...
July 6, 2026
Nigeria Becomes the First OPEC Nation to Join the IEA
Nigeria joins the IEA as the first OPEC member to do so, giving Africa's largest oil producer a seat at...
July 4, 2026
OPEC’s Oil Cuts Pose Challenge to Central Banks
After multiple delays, the European Central Bank (ECB) and the Federal Reserve seemed finally set to lower interest rates in...
March 29, 2024
Opinion: Lula’s Comeback Year – A Fresh Spin on Brazil
President Luís Inácio Lula da Silva initiated his term with ambitious plans to overhaul Brazil’s economy, strengthen global ties.
January 1, 2024
Brazil’s key role in stabilizing global oil supply in 2024 amid OPEC+ cuts
In its recent monthly report, the International Energy Agency (IEA) highlighted Brazil's potential role in balancing the worldwide oil supply...
August 11, 2023
Saudi Arabia extends oil production cut of 1 million barrels per day until September
Saudi Arabia announced on Thursday that it will extend the country's reduction in oil production by 1 million barrels per...
August 3, 2023