Organization of Petroleum-Exporting Countries

Headlines

ExxonMobil Q2 Profits Nearly Double On Higher Oil Prices To $3.4 Bn

ExxonMobil saw its second-quarter profits nearly double from the year-ago period due to higher oil prices and better...

Headlines

Nigeria’s Ex-Oil Minister Battles Slew of Graft Cases

Nigeria's former oil minister faces charges only at home but her name crops up in a growing number of international...

Headlines

Qatar Emir Ready For Gulf Crisis Talks With Conditions

Qatar's ruler said Friday that the Gulf emirate is ready for talks to resolve a diplomatic crisis with a Saudi-led bloc...

Headlines

Qatar Emir Ready For Gulf Crisis Dialogue With Conditions

Qatar's ruler said Friday that the Gulf emirate is ready for dialogue to resolve a diplomatic crisis with a Saudi-led...

Headlines

Nigeria Court Orders Forfeiture of Ex-Oil Minister’s Luxury $37.5m…

A Nigerian court has ordered the temporary forfeiture a $37.5 million property belonging to the country's ex-oil...

Headlines

Libya’s NOC Sees 1.25 Mln Bpd Oil Output By Year-End

The head of Libya's National Oil Company announced on Wednesday that oil production is expected to reach 1.25 million...

Headlines

Oil, Gas Key To World Energy For ‘decades To Come’

Oil and gas will remain central to the world's supply of energy for decades to come, despite a surge of interest in...

Headlines

Energy Firms Hit By Oil Dive, N.Korea Crisis Fuels Uncertainty

Asian energy firms sank Thursday following a plunge in oil prices while equity traders remained on edge after North...

Headlines

US Stocks Pressured By Weak Oil Shares

Petroleum-linked shares tumbled early Wednesday, on lower oil prices, pressuring US stocks, while some big technology...

Headlines

Asia Markets End Week On Quiet Note As US Healthcare Bill Returns

Asian markets limped into the weekend, with energy firms still struggling after a bruising few days, while investors...

News

Ghana Projects Slight Drop In Fuel Price

The local fuel market in the first Pricing-window in June 2017 recorded interesting turn of events. Prices were...

Business

Local Fuel Prices To Drop Slightly

The local fuel market in the first Pricing-window in June 2017 recorded interesting turn of events. Prices were...

Headlines

Kuwait Parliament Passes Deficit Budget

Kuwait's parliament Thursday passed the budget for the 2017/18 fiscal year, projecting a deficit for the third year in...

News

Qatar Flight Ban Begins As Crisis Grows

Egypt is closing its airspace to Qatari planes in a growing diplomatic row, with Saudi Arabia and Bahrain expected to...

Headlines

Putin Talks Syria, Oil With Powerful Saudi Prince

Russian President Vladimir Putin on Tuesday discussed cooperation on oil and the conflict in Syria with powerful Saudi...

News

Declining Oil Prices Will Least Affect Ghana – Economist

Some Economists have ruled out any significant impact on Ghana’s economy following the declining global oil prices....

Business

Declining Oil Prices Will Least Affect Economy – Economist

Some Economists have ruled out any significant impact on Ghana’s economy following the declining global oil prices....

International

Oil Price Plummets Despite Deal To Extend Output Cut

The price of oil has plummeted by about 5%, despite oil-producing nations agreeing to extend production cuts for a...

Headlines

Wall Street Forges Higher Despite Oil Market’s Glum Mood

Buoyant trading in New York saw Wall Street set fresh records on Thursday, with US stocks recording their sixth...