Crude Oil
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US crude oil imports from Nigeria drop by $102m in Q1 2026
- The United States imported $578.78 million worth of crude oil from Nigeria in the first quarter of 2026, a decrease from the previous year. - This decline represents a 15.06% drop in value and a 7.03% decrease in volume compared to the same period in 2025. - Despite the overall decrease, Nigeria remains a significant African crude supplier to the U.S., though its market share has diminished due โฆ
PDVSA Seeks International Investment Through Cessation of Sanctions
- PDVSA seeks the end of U.S. sanctions to attract international investment and boost hydrocarbon extraction. - Despite current limitations, Venezuela's crude oil exports to the U.S. have significantlโฆ