Oil prices in the international market sustained their rally on Tuesday, with the Brent crude, the international benchmark for crude oil, trading at $65.24 a barrel,...
World Bank to Stop Financing Oil, Gas Projects from 2019 The World Bank will stop financing oil and gas exploration and extraction from 2019, it announced...
US Import of Nigerian Crude Hits Four-year High For the first time in more than four years, the United States’ monthly import of Nigerian crude oil...
U.S. Energy Storage Surges 46% Led by Big Project in Windy Texas U.S. energy-storage capacity surged 46 percent in the third quarter, mainly due to a...
Oil Prices Moderate on Rising U.S. Oil Rigs Global oil investors have started holding back on growing U.S. oil rigs, even as OPEC promise to extend...
Nigeria, Libya in Focus as OPEC Meets Today Nigeria and Libya will expect to face growing pressure from their counterparts in the Organisation of Petroleum Exporting...
Oil Trades Above $58 as U.S. Stockpile Draw Boosts OPEC Optimism Oil held near a two-year high as U.S. crude inventories shrank, adding to optimism that...
Developing Countries to Lead Oil Demand Growth Till 2040, Says OPEC The Organisation of Petroleum Exporting Countries (OPEC) has said developing countries will lead oil demand...
Oil Holds Near $56 After Surging on Saudi Cut-Extension Plea Oil held near $56 a barrel after surging the most in almost two weeks as Saudi...
Oil Prices End Gain Streak, Drop to $61 The recent gains recorded by global oil prices have slipped as the commodity has lost more than $2...