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Nigeria lost an estimated $839.22m in oil revenue in the first four months of 2026 after failing to meet its 1.5m barrels per day OPEC quota
The post Oil Revenue: Low production undermines benefits of high crude oil prices appeared first on Vanguard News.
Nigeria and oil firms have earned about $4 billion from the rise in price of crude oil triggered by the US/Israel-Iran war
The post Nigeria, oil firms earn $4bn windfall from Middle East crisis appeared first on Vanguard News.
Benchmark US oil contract WTI was up Monday after US President Donald Trump gave Iran a 48-hour ultimatum to open the Strait of Hormuz or face decimation of its energy infrastructure and Israel warned the war would continue for several more weeks.
The post WTI crude oil prices up following Trump ultimatum on Iran appeared first on Vanguard News.