Tag: Oil

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Nigeria’s crude oil output hits 6-year high at 1.56M bpd, beats OPEC quota

Nigeria's crude output rose to a six-year high of 1.56 million barrels per day in June, exceeding its OPEC quota despite weaker NNPC revenue in May.

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Egypt to pay $1.3 billion in oil company arrears by June amid energy crunch

Egypt plans $1.3 billion arrears payment to international oil firms by June, easing energy strains and boosting investor confidence.

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