Oil dips on oversupply concerns, heads for weekly loss
Oil prices edged down early on Friday as oversupply concerns and demand worries stemming from a stronger dollar outweighed a ...
caspiannews2h
President Aliyev Rejects ‘Petrostate’ Criticism at COP29, Highlights Azerbaijan’s Broader Economic Indicators
During the World Leaders Climate Action Summit, the central event of COP29 held under the UN Framework Convention on Climate ...
PEDEVCO Announces Q3 2024 Financial Results and Operations Update
The Company elected to participate in six non-operated wells in the D-J Basin with a working interest of approximately 28% in Q3 2024 with production impact anticipated in Q4 2024, and an additional ...
Oil settles higher, investors focus on fuel-stock draw
Oil prices closed slightly higher in choppy trading on Thursday, as a steep draw in US fuel stocks outweighed oversupply concerns and demand worries stemming from a stronger dollar.
Marketplace3h
International Energy Agency predicts an oil surplus next year
A supply glut tends to reduce prices, which could prove challenging for President-elect Trump’s plan to boost U.S. oil ...
Business Times4h
Oil settles slightly higher, investors focus on steep draw in fuel stocks
Oil prices closed slightly higher in choppy trading on Thursday (Nov 14), as a steep draw in US fuel stocks outweighed ...
China's weak economy and record US production will lead to a surplus of one million barrels of oil a day next year, IEA says
Oil markets are facing a supply glut, with non-OPEC producers on track expand production by 1.5 million barrels of oil a day, ...
Crude Oil Prices5h
Nigeria’s Oil Recovery: A War Room, Some Luck, and a Dash of Ambition
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 ...
Oil dips on bigger-than-expected US crude stockbuild, oversupply concerns
Oil prices edged lower on Thursday, as rising U.S. crude inventories added to concerns of oversupply, while the dollar's ...
legit9h
OPEC Disagrees With NNPC Over Nigeria’s Crude Oil Production Figure
The Organisation of Petroleum Exporting Countries (OPEC) has said that Nigeria's crude oil production for October 2024 stood ...
The Guardian Nigeria9h
Nigeria increases oil production to 1.8 million barrels per day
According to producer group OPEC’s latest report, oil production at Africa’s top crude exporter was estimated at 1.3 million bpd in October. Nigeria often counts condensate production of around ...