Kuwait Shuts its Oldest Oil Refinery Kuwait would permanently close its oldest oil refinery on Friday, an official said on Thursday. The shutdown of the 49-year-old...
Goldman Sachs Warns of Another Oil Glut in 2018 Leading global investment banking firm, Goldman Sachs, had warned that another downturn in global oil prices could...
Oil Speculators Can’t Dump Rally Bets Fast Enough Amid Glut The bullish sentiment following OPEC’s deal is almost all gone. Hedge funds haven’t been so skeptical...
Algeria Joins Call to Roll Over Oil-Output Cuts Beyond June Algeria’s energy minister supports extending global oil production cuts beyond June as he thinks the strategy...
Oil Prices Recover Marginally as OPEC, Non-members Meet Sunday Crude oil prices hovered above a four-month low on Thursday, recovering slightly from last Wednesday losses as...
Russia Topples Saudi as World’s Largest Oil Producer For the second month in a row, Russia has maintained its status as the world’s largest oil producer,...
Oil Prices Seen Stuck Below $60 This Year as High Stocks Persist An historic agreement between OPEC countries and other oil producers to reduce their output...
Niger Delta Stakeholders Strategise Ahead of Formalising Modular Refineries Some Niger Delta stakeholders have commenced the enumeration of artisanal refineries and crude oil distillation camps in...
Nigeria Can Achieve 40bn Barrels Oil Reserves by 2020 The Nigerian Association of Petroleum Explorationists on Wednesday said that Federal Government has the capacity to achieved...
Oil at $40 No Problem as U.S. Drillers Snub OPEC With Hedges OPEC’s worst enemy isn’t U.S. shale drillers. It’s the hedges propping them up. American...