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S’Arabia Warns Oil Could Hit $180 Amid Iran War Escalation

Saudi Arabia’s oil officials are privately warning that crude prices could surge beyond $180 per barrel if disruptions to global energy supplies caused by the Iran war persist past late April.
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U.S. Slashes Nigerian Crude Imports by 47%

The United States sharply reduced its imports of Nigerian crude oil in January 2026, with volumes dropping by 47.16% month-on-month, according to U.S. Census Bureau and Bureau of Economic Analysis data.
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Crude Oil Earnings Fall 14% to $31.5bn in 2025

Nigeria earned $31.54bn from crude oil exports in 2025, according to the Central Bank of Nigeria’s Balance of Payments report, marking a 14.41% decline from $36.85bn in 2024.
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ANALYSIS: The US‑Israel–Iran War and Nigeria’s Forgotten Lessons, by Lawal Dahiru Mamman

History has an audacious way of repeating itself, often because actors fail to learn from previous events or because the universe intends to teach entirely new lessons.
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US-Iran War: IEA Frees 400mb of Crude to Stabilise Global Markets

The International Energy Agency (IEA) announced on Tuesday that its 32 member countries will release a record 400 million barrels of oil from emergency reserves to counter supply disruptions caused by the Iran war.
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Crude-Backed Loans of 2025 Oil Revenue Consumed N8.36trn

In 2025, approximately 14.66% of Nigeria’s total crude oil production was swallowed by the servicing of crude-backed loan facilities.
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