Nigeria’s Crude Oil Export to India Plunges 54% The Nigerian oil export to India dropped by 54 percent in January from a year ago. According to...
Oil Prices Fall to $56.25 Per Barrel Oil prices fell nearly one percent, yesterday, in response to growing evidence that United States production is rising and...
OPEC Countries Complying With Agreed Output cuts OPEC countries are largely complying with a landmark deal to reduce the global oil glut, the IEA said Friday,...
Top Oil Trader Vitol Paid Staff Dividend of $820 Million in 2015 Vitol Group, the world’s biggest independent oil trader, paid its top executives and staff...
OPEC Ministers Say the Market Might Need More Oil Cuts OPEC and other major crude-producing nations may need to extend output cuts into the second half...
OPEC Cuts Oil Production, But More Work Needed to Fulfill Deal OPEC cut output by 840,000 barrels a day last month, but has more work to...
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...