Organization of Petroleum-Exporting Countries
Titans of Oil World Meet In Houston After Two-Year Price War
The biggest names in the oil world come together this week for the largest industry gathering since the end of a...
East Libyan Forces Target Rival Brigades With Air Strikes Around Oil Ports
East Libyan forces carried out air strikes around major oil ports overnight as they sought to regain control of the...
Armed Faction Enters Major Libyan Oil Ports, Putting Output At Risk
An armed faction entered two major Libyan oil ports on Friday, pushing back forces that captured and reopened the...
Cedi Fall Threatens Fuel Price Stability
The Institute for Energy Security (IES) has said the relative stability for the price of Brent Crude, and global prices...
Asian Shares Advance, Dollar Supported By March Rate Hike Bets
Asian shares rose on Thursday as investors were encouraged by President Donald Trump's measured tone in his first...
Fed Trumps Trump As Dollar, U.S. Treasury Yields Soar
The dollar and U. S. Treasury yields jumped on Wednesday, while stocks were mixed, as investors focused less on U.S....
Nigeria’s GDP Fell By 1.5% In 2016
Nigeria’s gross domestic product fell by 1.5 per cent in 2016 due to lower oil revenues, the National Bureau of...
Oil Gains As Bullish Bets On Rising Prices Hit Record High
Oil prices rose on Monday as investors showed record confidence in prices rising further, though gains were capped by...
U.S. Oil Slips As Stockpiles Rise For Seventh Week
U. S. oil prices fell on Friday after government data released late on Thursday showed stockpiles rose last week for a...
Stock Futures Hit Record Highs Amid Retail Earnings
U. S. stock index futures rose to record intraday highs on Tuesday as oil prices surged and investors assessed earnings...
Iraq Reports Increased Oil Reserves of 153 Bln Barrels
Iraq's proven oil reserves have increased by 10 billion barrels to 153 billion, Oil Minister Jabbar al-Luaibi announced...
Iran Sees Oil Output Reaching 4 Million Bpd By April, Aims For 4.7 Million Bpd
Iran said in January its daily output was close to 3.9 million barrels. Iran expects its oil production to reach 4...
Petrol, Diesel Prices To Go Up By 3 Percent Next Week
The Institute of Energy Security (IES) has predicted a percent increase in fuel prices next week. According to the...
U.S. Shale Oil Braces For the Unfamiliar In 2017
U. S. shale producers are facing their first production cost increase in five years in 2017 as industry activity picks...
Oil Prices Slip As High Stocks Overshadow OPEC Cuts
Oil slipped on Friday, pressured by growing global stocks, while expectations that an oil output cut by producers might...
World Stocks Lose Momentum After Record-Breaking Week
Global equity markets were set to end the week on a softer footing on Friday, after setting record highs in the...
Fuel Prices To Go Up By 3% – IES
The Institute for Energy Security (IES) has indicated fuel prices could go up by 3% if government does not take any...
Fuel Prices To Go Up By 3%
The Institute for Energy Security (IES) has indicated that if government does not take any action to address recent...
Oil To End Year At US$57
All things being equal, fuel prices will not travel beyond 15 percent increase in 2017, some industry analysts...