Oil prices have risen on Wednesday, buoyed by tight supplies and the prospect of rising demand from the upcoming start of the summer driving season in...
President Muhammadu Buhari has said the rising crude prices present a great opportunity for Nigeria, especially with the passage of the Petroleum Industry Act (PIA). The...
The Organisation of Petroleum Exporting Countries (OPEC) and its allies OPEC+ was 122 per cent compliant with its crude production restraint commitments in December, which is...
Oil prices that rallied 50% in 2021 will power further ahead this year, analysts predict, saying a lack of production capacity and limited investment in the...
Brent crude futures eased from recent highs and settled around $84.3 a barrel on Tuesday, pressured by prospects of lower industrial demand for energy products. Traders...
Brent crude futures were around $75 a barrel on Monday, remaining close to 2018 levels, as investors continue to follow the OPEC+ crisis and await an...
Members of the Organisation of Oil Producing Countries and allies called OPEC+ achieved around 97% oil output cuts compliance in July, two OPEC+ sources told Reuters on...
