Despite the decision of the Organisation of Petroleum Exporting Countries (OPEC) to cut output by 200,000-700,000 barrels per day to achieve price recovery, oil prices fell...
Barely 24 hours after OPEC members reached consensus, Iranian Oil Minister Bijan Zanganeh has debunked the agreement saying the figures used by OPEC are too low compared...
Some of the world’s biggest oil producers have agreed to cut production for the first time in eight years, sending crude prices higher by more than...
Oil Output Has Increased Despite Militancy Despite calculated attacks by some militants, Nigeria’s oil production has increased from a daily average of 1,570,852 barrels per day...
Oil halted gains on speculation supply from Nigeria and Libya may rise as conflicts within both OPEC members ease, sustaining a global glut. Futures were little...
Crude oil production from Nigeria dropped the most in August among its peers in the Organisation of Petroleum Exporting Countries, paring the gain it recorded in...
Crude oil prices on Tuesday surged about four per cent after the United States inventory data showed a drop in stocks to nearly a two-decade low...
Oil gained as Saudi Arabia prepared to make a “significant” announcement following discussions with Russia over promoting market stability. Futures gained as much as 4.3 percent...
Crude Export Crude oil export from Nigeria is expected to increase by about 380,000 barrels per day in the next few days, following the expected return...
Oil extended its retreat from a seven-week high and Asian energy shares declined, while the dollar weakened versus major peers as traders weighed prospects for a...