OPEC said Thursday that oil producers needed to make more joint efforts to match supply and demand in the oil…
Global oil benchmark, Brent crude, struck a five-month low on Thursday as the United States’ crude inventories showed a lower-than-expected…
The Brent physical oil market is flashing signs of weakness again as dwindling Asian purchases, an influx of American crude…
Nigeria’s crude oil production has fallen from two million barrels per day to about 1.27 million bpd, according to the…
Nigeria will revive oil production this summer as it completes maintenance and repairs, and expects fellow OPEC members to continue…
Perhaps the Bank of Russia knows something the world doesn’t. As the Organization of Petroleum Exporting Countries and its allies…
Oil prices dropped to their lowest in three months on Monday despite OPEC efforts to curb crude output, dragged down…
The Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC), Dr Mohammed Barkindo, on Monday disclosed that the organisation lost…
There are strong indications that the Organisation of Petroleum Exporting Countries (OPEC) is getting set to extend oil cut beyond…
Nigeria has again lost its Africa’s top oil producer status to Angola. Nigeria only recently regained this status last November…
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