The Organisation of Petroleum Exporting Countries has announced that Nigeria is projected to produce 1.5 million barrels per day of oil in 2024. This decision came...
The Organization of Petroleum Exporting Countries and Allies (OPEC+) was expected to meet today to conclude its decision as to whether or not to extend output...
Oil prices extended gains on Thursday as the OPEC+ alliance of major producers stuck to a reduced output policy. The U.S. Energy Information Administration (EIA) reported...
Oil prices rose for the fourth day in a row on Friday, putting crude on track for a weekly gain of about 10 percent, after Saudi...
Oil prices rose on Monday as a tropical storm in the Gulf of Mexico prompted drillers to evacuate rigs and shut-in production. Although gains were muted...
The Organisation of Petroleum Exporting Countries (OPEC) has commiserated with President Muhammadu Buhari over the death of his Chief of Staff Malam Abba Kyari. OPEC made...
The Organization of the Petroleum Exporting Countries (OPEC) said on Thursday its daily basket oil price fell to $16.87 a barrel on April 1, down from...
Crude oil fell sharply on Monday with U.S. crude briefly dropping below $20 and Brent hitting its lowest level in 18 years on heightened fears that...
Oil fell by the most since 1991 on Monday after Saudi Arabia started a price war with Russia by slashing its selling prices and pledging to...