US Allows Sale of Iranian Crude Oil for One Month... Iran Says 'No Supply Capacity'
The U.S. has temporarily permitted the sale of Iranian crude oil in response to soaring international oil prices amid the Iran war, but Iran claims it lacks surplus supply.
Iran declares that it has no oil surplus to offer to global markets
Iranian officials state that the country currently lacks any surplus crude oil for international markets amidst speculation of easing U.S. sanctions.
High Selic and Oil Surplus Help Mitigate Economic Impact of War, Says Itaú
Brazil's high Selic rate and oil surplus are expected to cushion the economic impact of the war in the Middle East, according to Itaú BBA's macroeconomics team.
Oil over 100 dollars: Who benefits behind the scenes in Africa?
The article discusses how rising oil prices, exceeding $100 due to geopolitical conflicts, are benefiting African oil-exporting countries in terms of surplus revenues for development projects and debt repayment.
Nigeria: Nigeria Records N1.71trn Trade Surplus Despite Decline in Exports
Nigeria achieved a trade surplus of N1.71 trillion in the fourth quarter of 2025, despite declining exports primarily due to reduced crude oil shipments.
Nigeria’s exports fall 5.3% in Q4 2025, imports rise – NBS
Nigeria experienced a 5.3% decline in exports in the fourth quarter of 2025, influenced by a drop in crude oil shipments, while imports rose, resulting in a trade surplus of ₦1.71 trillion according to the National Bureau of Statistics.
With a rise in oil exports, trade balance shows a surplus of US$ 4.2 billion in February
Brazil's trade balance recorded a surplus of US$ 4.2 billion in February, bolstered by a significant increase in oil exports.
Highest trade surplus in nearly a year
Norway's trade surplus reached nearly 76 billion kroner in January 2026, a significant increase attributed to soaring export revenues from oil and gas.
Trump forces a trade agreement with India after months of tariff pressure over Russian oil
Donald Trump has secured a trade agreement with India after months of using tariffs to pressure the country to reduce its trade surplus and sever energy ties with Russia.
Oil Ignores Storms: Why Didn't Events in Iran and Venezuela Shake Prices?
Despite political tensions in Iran and Venezuela, oil prices remain stable near five-year lows due to a perceived surplus in global supply and a shift in market focus towards actual production and inventory levels.