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 ...

West Texas Intermediate (WTI), futures on NYMEX, trade 7.6% higher to near $98.00 during the Asian trading session on Monday.

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 ...

April 7 (Reuters) - The OPEC secretariat has received updated oil ‌production compensation plans from Iraq, United Arab Emirates, Kazakhstan and Oman, the organisation said on Tuesday. The schedule ...

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 ...

A statement posted on OPEC's website on Sunday revealed that Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman have decided to boost production next month. Image by ...

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 ...

OPEC+ warned that damage to Middle East energy assets will have a prolonged impact on oil supply even after the Iran war ends, as it approved a symbolic increase in output quotas for next month.

OPEC+ may approve an oil output increase on Sunday, four sources from the group said, a rise that will largely exist on paper as its key members are unable to raise production due to the U.S.-Israeli ...