April WTI crude oil (CLJ26 ) today is up +2.83 (+2.94%), and April RBOB gasoline (RBJ26 ) is up +0.0907 (+2.90%). Crude oil and gasoline prices recovered from early losses and are sharply higher, with gasoline soaring to a 3.

Japan will invest to increase crude oil production in Alaska as part of the $550 billion (87 trillion yen) tariff agreement with the United States and also stockpile the reserves produced in the U.S.

Light crude oil futures settled up 2.9% to $96.21 a barrel, with traders continuing to react to the flow of war headlines and new damage to energy infrastructure in the Middle East.

The dip in daily production recorded in February 2026 comes amid the ongoing Middle East crisis, where there have been speculations that Nigeria could record higher sales given disruptions in global crude oil supply markets and shifting demand patterns.

Nigeria’s crude oil production fell to 1.31 million barrels per day (bpd) in February 2026. This is according to the

The Trump administration invoked the Defense Production Act to restart offshore oil operations in California, a move aimed at boosting domestic supply but fiercely opposed by Gov. Gavin Newsom over environmental concerns.

Nigeria’s crude oil production, including condensate, declined by nine per cent month-on-month to 1.483 million barrels per day in February 2026 from

When water cut of the oilfield reaches 95% and water-oil ratio hits 19:1, oil production is equivalent to searching for oil in water,' said Zhao Yunfei, a senior expert at Daqing Oilfield, describing the practical challenges faced in the development of mature oilfields.

The death toll from fighting between Iran, the U.S. and Israel continues to rise after the U.S. and Israel launched military strikes on Iran three weeks ago. And this comes as the intense fighting threatens the world’s crude oil supply.