Ghana’s Only Oil Refinery Shut Ghana’s only oil refinery, the Tema Oil Refinery, is shut after an explosion at a newly installed 5.8-million-euro crude oil heating...
Bayelsa Sues Agip for N1.6tn Over Oil Spill The Bayelsa Government has dragged Nigerian Agip Oil Company Ltd. to a Federal High Court in Port Harcourt...
Oil Prices Cut Losses Amid Market Strength Oil prices traded roughly flat on Wednesday, shrugging off a report from the United States Energy Information Administration that...
Global Energy Demand to Increase by 40% The Organisation of Petroleum Exporting Countries, OPEC, has said that the total global primary energy demand will rise by...
Oil Prices Rise as OPEC Output Cuts Drain Stocks Oil prices rose on Tuesday on evidence the global market was tightening as lower production by OPEC...
Oil Prices Rise, Interbank Rate Jumps Oil futures climbed on Friday as signs of the market tightening after major oil producers agreed to cut output helped...
OPEC Raises Oil Forecast to 95.60 Million bpd The Organisation of the Petroleum Exporting Countries, in its latest Monthly Oil Market Report, raised its forecast for...
Oil Prices Drop as Doubts Over Output Cuts Mount Oil prices slipped yesterday over doubts that large oil producers will reduce production as promised and on...
Oil Prices Edge up on Saudi Supply Cuts Oil edged up on Wednesday, lifted by reports of Saudi supply cuts to Asia, but prices were prevented...
Oil Prices Rebound, Glut Persists Oil markets edged higher on Tuesday on expectations that at least some planned production cuts would be implemented, making a slight...