Category : Search result: US Venezuela oil sale


Court Stops Sale of Embraer Aircraft, Demands Explanation

A High Court in Abuja has issued an interim order blocking the sale of an Embraer EMB-145LR aircraft. Justice M. A. Madugu ordered the defendants to show cause within seven days. Read the full details of the legal dispute.

Nigeria eyes $10bn from 50 oil blocks lease

Nigeria's NUPRC launches 2025 oil licensing round for 50 blocks, aiming to raise $10bn and boost output by 400,000 barrels per day. Discover the transparent bidding process.

OPEC+ Pauses Oil Output Hikes Until March 2026

OPEC+ reaffirms plan to maintain current oil production levels until March 2026 and agrees on a new capacity assessment mechanism. Learn how this decision impacts global oil markets.

CBN sells $36.60m to banks amid naira depreciation

Central Bank of Nigeria intervenes in forex market with $36.60 million sale to authorized dealers including Access, UBA, Zenith banks to stabilize naira. Experts analyze impact on currency stability.

Trump Closes Venezuela Airspace Amid Tensions

US President Donald Trump declares Venezuela airspace closed as military tensions escalate. Six major airlines suspend flights amid security concerns. Read full details.

OPEC+ 2025 Oil Output Policy: A Review

OPEC+ surprised markets in 2025 by hiking oil production. Discover how this strategy fared, the role of Trump's return, and what's next for global oil prices.

Venezuela bans 6 airlines over security dispute

Venezuela bans Iberia, TAP, LATAM and 3 other airlines for suspending flights over US military activity. Over 8,000 passengers affected as Portugal calls move 'disproportionate'.

Venezuela Mobilizes 200K Troops Amid US Navy Buildup

Venezuela launches massive military mobilization of 200,000 soldiers in response to US aircraft carrier deployment near Latin America. Tensions escalate as both nations prepare for potential conflict.

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