Oil markets are facing a supply glut, with non-OPEC producers on track expand production by 1.5 million barrels of oil a day, ...

The Organisation of Petroleum Exporting Countries (OPEC) has said that Nigeria's crude oil production for October 2024 stood ...

Crude oil prices moved higher today after the U.S. Energy Information ... the weight of lower demand expectations coupled with ample supply indications. Both OPEC and IEA signaled they expected a well ...

The monthly report from the IEA bears no change in the narrative for the 2025 outlook. The US Dollar Index rallies further after President-elect Trump secures a majority in both Senate and House.

The surplus could provide a buffer for prices against potential supply-side price shocks from conflicts in West Asia and ...

In its Monthly Oil Market Report (MOMR) released in November, OPEC clarified that its figures were based on secondary data ...

Nigeria has cranked up its oil production to a respectable 1.8 million barrels per day, and now claims it could hit 2 million bpd of production by year's end ...

While the November data from OPEC and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is yet to be released, ...

The United States is expected to increase domestic production of crude oil under the upcoming presidency of Donald Trump, ...

OPEC on Tuesday cut its forecast for global oil demand growth for this year and next, highlighting weakness in China, India ...

A supply glut tends to reduce prices, which could prove challenging for President-elect Trump’s plan to boost U.S. oil ...