Middle Eastern oil production is set to rise by 2.7 MMb/d by 2025, according to a new forecast. . The increase is...
Global oil supply will outpace demand throughout 2019, the International Energy Agency (IEA) forecasted in its latest Oil Market Report. Since midyear,...
Dr. Maikanti Baru, Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) says Saudi Arabia recent decision to announce daily crude...
Oil price rose on Monday, boosted by news Saudi Arabia plans to reduce its output levels by some 500, 000bpd in December,...
State-run ADNOC, based in the oil-rich capital Abu Dhabi, said Sunday it had discovered new gas fields, totalling 15 trillion standard cubic...
Oil slipped to around $76 a barrel on Wednesday, paring losses after hitting its lowest since late August, pressured by concern that...
International Energy Agency (IEA) chief Fatih Birol, said on Monday he is not worried Saudi Arabia will cut oil supply in response...
With oil prices hitting fresh four-year highs, long-dormant proposals to allow the United States to sue OPEC nations are getting a fresh...
OPEC’s leader Saudi Arabia and its biggest oil-producer ally outside the group, Russia, ruled out on Sunday any immediate, additional increase in...
OPEC and its allies are unlikely to agree an official increase in crude output when they meet in Algeria this weekend, although...