The Organization of the Petroleum Exporting Countries (OPEC) has recently flagged downside risks to summer oil demand as a backdrop to output cuts announced this month...
Oil prices took a dip on Thursday as the possibility of a recession in the United States, the world’s largest oil consumer, overshadowed worries about tight...
Oil prices have steadied as the market awaits the U.S. inflation data that will likely influence the Federal Reserve’s policy on interest rate hikes. Brent crude...
Oil prices rose on Tuesday as experts predicted a decline in the U.S. inventories, the largest crude oil consumer in the world. The rise in Asian...
Oil prices have steadied on Monday after rising for three straight weeks, with the looming supply cuts from Saudi Arabia and other OPEC+ producers balancing concerns...
Lawyers representing more than 13,000 Nigerians have accused Shell Plc of attempting to protect itself from scrutiny over pollution in Nigeria’s oil-producing Niger Delta. The Bille...
Nigeria’s crude oil production rose the most in the month of March, rising to 1.6 million barrels per day (mbpd) in the month, according to a survey...
Following the Organization of the Petroleum Exporting Countries (OPEC) and its allies’ 1.66 million barrels per day (bpd) crude oil production cut on Sunday, global oil...
In a surprising move, the OPEC+ announced a reduction in its combined oil production by more than 1 million barrels per day. This announcement came as...
On Sunday, Saudi Arabia and other OPEC+ oil producers announced an unexpected reduction in oil output cuts of around 1.16 million barrels per day. The move,...
