OPEC in its latest monthly report, lowered its global oil-demand growth estimate by 20,000 bpd, to 1.64 million bpd this year. This...
Iran’s oil minister said OPEC may need to hold an extraordinary meeting should the organisation of oil producers fail to prevent member...
Oil prices traded broadly unchanged on Thursday after an announcement that Saudi Arabia would suspend some oil shipping in the Red Sea...
Iranian Minister of Petroleum, Bijan Zanganeh, says violation of output cut plan by some Organisation of Petroleum Exporting Countries (OPEC) members would...
Crude oil prices moved into positive territory Monday ahead of the start of trading in New York amid growing concerns about a...
Oil output from the Organization of the Petroleum Exporting Countries (OPEC) rose in June as Saudi Arabia pumped at a near-record rate,...
The Republic of Congo expects to raise oil production by as much 65percent this year as two new projects come on stream,...
Oil prices soared Friday as a divided OPEC came together and agreed to modest production increases of 1 million barrels a day....
Despite slump in oil prices, the Nigerian National Petroleum Corporation (NNPC) has outlined plans to attract private investments, ensure sustainable development and...
US President Donald Trump has declared that oil prices are too high and blaming the Organisation of Petroleum Exporting Countries and non-OPEC...