West Texas Intermediate (WTI), futures on NYMEX, trades 2% higher to near $93.70 during the European trading session on ...

West Texas Intermediate (WTI), future on NYMEX, claws back its early losses and flattens around $89.60 during the European ...

In a renewed effort to bolster inter-agency cooperation and strengthen the security architecture in Plateau State, the Nigeria Immigration Service (NIS) and the Nigerian Army (NA) have reaffirmed ...

Fiji has secured a 50 million US dollar concessional loan from the Asian Development Bank to support a major overhaul of its ...

OPEC’s crude oil production plunged by the most in at least four decades in March as conflict in the Middle East throttled exports from key members, according to a Bloomberg survey. Output from the ...

The purpose of OPEC is to “coordinate and unify the petroleum policies of its Member Countries and ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply ...

OPEC on Sunday agreed to boost oil production by another 206,000 barrels daily, which will be theoretical only as production in the Middle East remains constrained by the Strait of Hormuz crisis. The ...

April 5 (UPI) --Members of the Organization of the Petroleum Exporting Countries said Sunday they will again modestly boost oil production as war rages in Iran and the Persian Gulf, although the move ...

The cartel pledged to increase output by 206,000 barrels a day from next month, and said that members would “closely monitor and assess market conditions.” By Eshe Nelson Reporting from London The ...

OPEC 12 output decreased by 135 kb/d with the largest increases from Iraq (38 kb/d), UAE (14 kb/d), and Saudi Arabia (13 kb/d). Refinery crude throughput is a measure of world demand for C+C (though ...

LONDON, Feb 11 (Reuters) - OPEC on Wednesday forecast world oil demand from the OPEC+ group will drop by 400,000 barrels per day in the second quarter, and published data indicating a small surplus in ...

Eight OPEC+ countries met virtually on February 1 'to review global market conditions and outlook', a statement posted on OPEC's site highlighted. Image by Zuberka via iStock A statement posted on ...