Oil Rises to $53 as Inventory Overhang Erodes, Saudi Cuts Exports Oil prices rose on Thursday lifted by a sustained decline in inventories and Saudi Arabia’s...
OPEC Output Rises in July Crude oil production by OPEC members increased slightly in July, including Saudi Arabia, which had championed efforts by the oil cartel...
OPEC Boosts Demand Outlook for Its Oil as Fuel Use Strengthens OPEC boosted estimates of demand for its crude this year and next amid stronger-than-expected fuel...
Crude Oil Production Stands at 2.35m bpd The Nigerian National Petroleum Corporation (NNPC) said on Monday the nation’s current crude oil production has risen to 2.35...
Oil Trades Near $49 Before OPEC Talks on Output Cut Compliance Oil traded near $49 a barrel before representatives of OPEC nations meet with their allies...
Venezuela’s chaos Can Spark Oil Price Increase Deepening turmoil in Venezuela could fuel a rise in oil prices, a feat the Organisation of the Petroleum Exporting...
Oil Hits two-month High at $53 Oil prices hit a two-month high yesterday – thanks to a tightening United States (U.S.) crude market and the threat...
$300bn in Oil Investments Lost Globally in Three Years The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, on Monday, lamented the loss of $300bn...
Oil Surges Above $50 as Producers Set to Meet Global oil prices climbed above $50 a barrel for the first time since May after OPEC announced...
Without Deeper Output Cut, Crude Projected to Fall Below $40/bbl in Q1 2018 Crude Oil, Brent Crude in particular, is projected to fall to $40 per...