Iraq-Kurd Tensions Push Oil Prices Higher Crude oil extended gains on Monday after Iraqi forces captured a military base, oil fields and an airport outside Kirkuk...
The World Bank has projected that crude oil prices would average $52-$53 per barrel (bbl) this year- an increase of 24 per cent over 2016 –...
Libya Says Its Oil Recovery Is Struggling and OPEC Sympathizes Libya said it’s struggling to restore oil production and fellow OPEC members are sparing the nation...
OPEC: Nigeria Fails to Provide Oil Output Figure Nigeria failed to supply its crude oil production figure for last month to the Organisation of Petroleum Exporting...
Saudis to Make Deepest Cut to Crude Supply Despite Demand Saudi Aramco plans to make “the deepest customer allocation cuts in its history” in oil supplies...
Oil’s Stint Above $50 Ends Was $50 a barrel for oil just a passing fancy? West Texas Intermediate, the U.S. benchmark, skyrocketed above $52 a barrel...
‘Shale, Oil Sands Only Profitable With Over $50/bbl’ Shale drillers and oil sands producers have posted some healthy profits this year, but it will take oil...
Brent Crude Oil Plunges to $55 a Barrel Amid Rising Production Brent crude oil dipped for a second day in a row on Tuesday following increase...
OPEC’s Conformity to Voluntary Production Cut Reaches 116% The conformity level of members of the Organisation of the Petroleum Exporting Countries (OPEC), and non-OPEC in respect...
The import of Nigeria’s crude oil by the United States increased by 32.1 percent to 52.36 million barrels in the first half of this year, compared...