The Organization of the Petroleum Exporting Countries (OPEC) revealed that an estimated $12.1 trillion in investments would be required to meet the escalating global demand for...
Global oil prices rebounded on Friday as concerns over a potential U.S. debt default gradually dissipated and investors’ sentiment grew. Brent crude oil, the international benchmark...
In a surprising turn of events, the Energy Information Administration (EIA) has uncovered a hidden wave of activity in the Permian Basin that has significantly boosted...
Oil prices experienced a period of stability on Wednesday, as conflicting factors influenced market sentiment. An unexpected increase in U.S. crude inventories raised concerns about demand,...
In a turbulent start to the week, oil prices witnessed a decline as worries about fuel demand in the world’s leading oil consumers, the United States...
Nigeria is currently facing significant challenges in meeting its technical allowable capacity for oil production, according to a recent announcement by the Federal Government. The government...
Oil prices rallied on Thursday after clawing back some of the losses from the previous day as demand for the commodity in the United States, the...
Oil prices fell on Wednesday, ending a three-day rally as U.S. oil inventories unexpectedly rose, causing concern over weakening demand. Brent crude oil, the international benchmark...
Oil prices took a step back on Tuesday, losing some of the momentum from the previous two sessions as the market braced itself for the release...
After three consecutive weeks of decline, oil prices rose on Monday as some traders believed that the recent slide was overdone and U.S. recession fears eased....
