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
OPEC
Libya Loses 200,000 Barrels a Day After an Armed Group Shuts a Valve
Sharara field shutdown cuts output at Libya's biggest field by 200,000 barrels a day after an armed group closed a...
September 22, 2026
Nigeria Becomes the First OPEC Member to Join the IEA
Nigeria joins the IEA as an association country, the first OPEC member to do so, signing a Joint Work Programme...
September 4, 2026
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, 2026
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