Crude Oil
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This topic isn't active right now. Last covered May 10, 2026. See today's headlines.
US crude oil imports from Nigeria drop by $102m in Q1 2026
Data from the U.S. Census Bureau and the Bureau of Economic Analysis reveals a notable dip in American crude oil imports from Nigeria during the first quarter of 2026. The Punch reports that U.S. expenditure on Nigerian crude fell to $578.78 million, down from $681.40 million in the corresponding period of 2025. This 15.06% reduction in value, coupled with a 7.03% decrease in the volume of barrels…
PDVSA Seeks International Investment Through Cessation of Sanctions
In Venezuela, the path to revitalizing our oil sector and strengthening the national economy is inextricably linked to the lifting of U.S. sanctions. PDVSA President Héctor Obregón has clearly articul…