Nigeria has recorded crude oil production shortfall of about 93.74 million barrels in the first eight months of 2025, raising concerns over adequate funding of the 2025 national budget. The shortfall ...

NUPRC says 2024 licensing round could boost Nigeria’s oil output by 1.5 billion barrels and gas by 2030. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has disclosed that the 2024 oil ...

Exxon Mobil Corp (NYSE:XOM) shares are trading marginally higher Thursday, benefiting from a sector-wide rally after the U.S. imposed new sanctions on Russian oil giants Rosneft and Lukoil. The news ...

On October 21, the Economic Police Division (PC03) under Nghe An Provincial Police announced the prosecution and arrest of Phan Thi Mai, born in 1977, residing in Thuan Trung commune, Nghe An province ...

Nigeria’s oil tax earnings plunged by more than half in September 2025, falling short of government targets and deepening fiscal pressures amid declining receipts from production sharing contracts, ...

With the OPEC+ production hikes, Saudi Arabia may have reached its maximum sustained output capacity, setting up for a repeat of the 2008 failure to increase output when called on. Despite what ...