Nigerian Crude Oil Supply Weighs on Market Plentiful supplies of Nigerian crude weighed on the market on Wednesday, while Angola’s state oil company sold a Dalia...
Saudis Cut Asia Light Oil Pricing for First Time in Eight Months Saudi Arabia cut pricing for Arab Light crude to Asia for the first time...
Crude oil Declines on Rising U.S. Stockpiles Global crude oil prices declined on continuous rising U.S.crude inventories. U.S. crude stockpiles rose by 3.02 million barrels to...
Reduce Crude Production Cost, Total Urges Oil Producers Total Exploration and Production Nigeria Limited has charged producers of crude oil to work towards cutting down on...
Oil Holds Momentum That’s Driven by OPEC’s Promise to Re-Balance Oil headed toward its highest close in two weeks on investor optimism after OPEC’s secretary general...
Shale May Disrupt OPEC Strategy in 2018 – IEA The International Energy Agency (IEA) on Tuesday said the continuous rise of the U.S. shale production could...
OPEC Assures US Shale Won’t Distort Oil Market The President of the Organisation of Petroleum Exporting Countries (OPEC) and United Arab Emirates (UAE)’s Energy Minister, Suhail...
Oil Price Slips Below $65/bbl Oil price continued its fall for a fifth day as surging U.S. output and a rising dollar sent crude to its...
Rising US Shale to Keep Oil Prices Below $70 Oil prices would likely be below $70 per barrel this year, as the growing United States onshore...
Nigeria’s Oil Production Surges on Bonga Reopening Crude oil production is gradually increasing following the reopening of Bonga crude pipeline that was shut down briefly in...