According to the National Bureau of Statistics (NBS), Nigeria’s economy grew by 3.89% y/y in Q1-26, down from 4.07% y/y in Q4-25. This print came in 1bps below Cordros’ estimate of +3.90% y/y for the quarter. Based on the Gross Domestic Product (GDP) breakdown provided, the oil sector grew slowly by […]

May 22, 2026/US Federal Reserve By Governor Christopher J. Waller Thank you, Jens, and thank you to the European Central Bank for the opportunity to speak to you today.1 Like other central banks, the Federal Reserve is confronted with how to respond to the effects of the conflict in the Middle […]

May 22, 2026/Oilprice.com Tom Kool Editor, Oilprice.com Global oil markets remain under severe stress as Hormuz disruptions, weak economic data, and tightening inventories reshape energy flows worldwide. Friday, May 22, 2026 In a week of contradicting narratives, the largest ever US inventory drawdown sparked only a minor bullish moment as […]