OPEC+
OPEC+ is a coalition of oil-producing countries that coordinates petroleum policies to stabilize the oil market.
Trump Reports Progress in US-Iran Ceasefire and Strait of Hormuz Negotiations
President Trump announced significant progress in US-Iran negotiations aimed at extending the ceasefire and reopening the Strait of Hormuz, though some issues remain unresolved. This could lead to a major shift in Middle East stability and global oil prices.
Nigeria’s Oil Production Rises 4.2% to 1.54mbpd in March 2026
Nigeria's oil production rose by 4.2% to 1.546 million barrels per day in March 2026, although it remains below the OPEC quota of 1.5 million bpd. Authorities are optimistic about ongoing growth and future targets to reach 3 million bpd by 2030.
Oil Surges to $97.78 Per Barrel on April 10 Due to Market Dynamics
Oil prices reached $97.78 per barrel on April 10, 2026, marking a notable increase from the previous day. This surge influences gasoline prices and signals active market movements influenced by global supply and geopolitical factors.