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.

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.

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

Nigeria Accounts for 52% of Africa's US Crude Exports Nigeria accounted for about 52 per cent of Africa’s crude oil exports to the United States in 2025, according to the latest data from the US Census Bureau. Figures from the US International Trade in Goods and...

Nigeria’s Oil Output Falls Short of OPEC Quota for Six Months   Nigeria failed to meet its crude oil production quota of 1.5 million barrels per day approved by the Organisation of the Petroleum Exporting Countries (OPEC) in the first month of 2026, extending its streak...

Despite Nigeria producing over 443 million barrels of crude between January and October 2025, local refiners continue to face shortages as most of the output is exported.