Nigeria’s crude oil production rose to its highest level in 11 months in May 2026, exceeding the production quota allocated by the Organisation of the Petroleum Exporting Countries (OPEC). Data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) showed that the country produced 1.70 million barrels of crude oil per day during the month,…
The decision by the United Arab Emirates to leave OPEC marks a significant turning point for global energy markets, raising fresh questions about the group’s influence and the future of oil production. The UAE had been a member of OPEC since before its formal establishment as a nation in 1971. Over the decades, the organisation…
Haitham Al Ghais, the Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC), emphasized the urgent need for substantial investments in the global oil industry to maintain energy security and prevent a surge in crude oil prices. In an interview with CNN’s Becky Anderson during the ADIPEC energy conference in Abu Dhabi, Al Ghais…
