Moody’s Changes Nigeria’s Outlook to Positive, Affirms B3
Moody’s Ratings has changed Nigeria’s credit outlook from stable to positive while affirming the country’s B3 long-term foreign…
Kuwait Oil Production Surges as OPEC+ Completes Output Cut Reversal
Kuwait produced 1.971 million barrels of crude oil daily in July, Reuters has reported, citing unnamed sources. That…
BP, ConocoPhillips Partner In Iraq’s Giant Oilfield
ConocoPhillips (NYSE:COP) agreed to acquire a 42% stake in BP Plc’s (NYSE:BP) development subsidiary covering four major oilfields…
Energy Sector Faces Long Recovery Despite U.S.-Iran Breakthrough
Oil refinery flare ©Adobe Stock Images Oil prices fell sharply after the United States and Iran unveiled a…
New Crude Streams Add 12M Barrels to Nigeria’s Output
Nigeria’s ambition to raise crude oil production has received a boost from the growing contribution of newly introduced…
Nigeria oil production exceeds OPEC quota, hits 15-month hig
Nigeria’s crude oil production rose above its Organisation of the Petroleum Exporting Countries production quota in May 2026,…
S&P upgrades Nigeria’s credit rating to ‘B’ amid reforms
S&P Global Ratings has upgraded Nigeria’s long-term foreign and local currency sovereign credit ratings to “B” from “B-”,…
JP Morgan: UAE Could Attract More U.S. Investment After OPEC Exit
The United Arab Emirates (UAE) could attract more U.S. investment after the exit from OPEC as the country…
Barclays Sees UAE Oil Supply Growth Accelerating Post-OPEC
After quitting OPEC and OPEC+, the United Arab Emirates (UAE) is set to grow its oil production faster…
OPEC Will Survive UAE Exit, But Medium-Term Supply Threat Is Real
The OPEC and OPEC+ groups are not expected to falter following the abrupt, but not necessarily surprising, exit…
Brent Eyes $100 as Ceasefire Deadline Looms
Oil markets are on edge as delayed U.S.-Iran talks and Trump’s warning on the ceasefire raise the risk…
OPEC Commits to Boost Output Once Hormuz Reopens
OPEC on Sunday agreed to boost oil production by another 206,000 barrels daily, which will be theoretical only…