OPEC+
OPEC+ is a coalition of oil-producing countries that coordinates petroleum policies to stabilize the oil market.
US and Iran Near Reopening Strait of Hormuz, US Conducts Self-Defense Strikes
The US and Iran are nearing an agreement to reopen the Strait of Hormuz, despite ongoing US military strikes on Iranian missile sites. This could significantly affect regional stability and global oil supplies.
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.