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

Oil prices closed slightly higher in choppy trading on Thursday (Nov 14), as a steep draw in US fuel stocks outweighed ...

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

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 ...

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

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

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 ...

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.

Oil prices rose about 1% on Thursday, paring some of the sharp declines seen earlier this week due to a stronger U.S. dollar ...

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, ...