global oil supply

KEY POINTS The Federal Government has reopened petrol importation, issuing fresh licences to six oil marketers following supply concerns triggered by geopolitical tensions in the Middle East. The move represents …

KEY POINTS Nigeria recorded a combined crude oil and condensate production shortfall of about 16.6 million barrels in January and February 2026, according to data released by the Nigerian Upstream …

KEY POINTS The International Monetary Fund, IMF, has raised concerns that a sustained surge in global energy prices could drive inflation higher and weaken economic growth worldwide. The warning comes …

KEY POINTS Italian energy giant Eni has announced two significant offshore natural gas discoveries in Libya, reinforcing the country’s position as a key supplier in the Mediterranean energy market. The …

Oil prices climbed as unrest in Iran raised fears of supply disruption, pushing traders to focus on geopolitical risk despite expectations of a global crude surplus

Goldman Sachs expects oil prices to weaken in 2026 as rising supply and inventories create a surplus, delaying a sustained recovery until at least 2027

Oil prices dip as traders brace for Trump tariffs and potential disruptions to global supply

Oil prices jumped nearly 2% on Thursday as rising tensions between Russia and Ukraine spurred concerns about global crude supply disruptions

The IEA predicts a surplus in global oil supply by 2025, driven by rising production from non-OPEC+ nations and slowing demand growth in China

Oil prices dipped slightly after reaching their highest levels in over a month, driven by concerns over supply disruptions from the ongoing Middle East conflict.