Signs of tighter supplies and Chinese economic support buoy oil prices, while Western data adds to uncertainty
Production Cuts Aim to Boost Prices, but Global Uncertainty Impedes Crude Oil's Recove
Traders and investors have been on edge as they closely monitor the decisions of central banks and geopolitical developments to get clues about possible market direction.
The nation's rig count rose by 7.7% to 14 in June 2023, an indication that the sector has started growing across the board following President Tinubu's...
The September WTI crude oil was also up 28 cents to $74.36.
Brent crude falls 1.7% while US West Texas Intermediate sheds 1.6% due to Chinese economic slowdown
The Democratic Republic of Congo (DRC) is undertaking an ambitious upstream drive in the hopes of attracting new players to the market, increasing production and ushering...
This surge in interest can be attributed to improved terms and conditions, as well as the recent implementation of regulatory reforms within the industry.
The signing of the agreement will authorize the Block's ownership, with the DRC and Angola taking a 30% stake each while global energy major – and...
Brent oil, against which Nigerian oil is priced, fell 6 cents to $79.34 a barrel while the U.S. West Texas Intermediate (WTI) crude slipped 6 cents...
