Petroleum politics
Fuel Prices Down 2%
Prices of petroleum products have dropped at the pumps by 2-3%, according to the Chamber of Petroleum Consumers....
Global Oil Supplies Up, But OPEC Abides By Output Cut
OPEC countries are complying with a landmark deal to reduce a worldwide glut in oil, but global supplies nevertheless...
Saudi Says ‘committed’ To Oil Market Stability
Saudi Arabia is committed to stabilising the global oil market, the energy ministry of the world's biggest oil exporter...
Fuel Price Hikes Must Stop – COPECGH
The Chamber of Petroleum Consumers (COPECGH) has charged relevant authorities in the country to ensure that...
OPEC Output Cuts Exceed Target
OPEC compliance with oil output reductions has exceeded the target because of higher Saudi cuts, Kuwaiti Oil Minister...
US Increases Imports of Nigerian Crude By 287%
The United States almost tripled the volume of crude oil bought from Nigeria last year, seven years after it began...
U.S. Energy Stocks, Darlings Last Year, Stumble In 2017
The energy sector is the stock market's dud so far in 2017 after a banner performance in 2016, and the rest of the year...
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...
Open Letter To President Nana Addo Dankwa Akufo-Addo
Dr Steve Manteaw, Chairman of the Civil Society Platform on Oil and Gas (CSPOG), writes to President Akufo-Addo on some...
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...
Western Region Deserves 15% Oil Cash
THE long-standing agitation by some chiefs and people of the Western Region for the allocation of 10 percent of oil...
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...
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 To End Year At US$57
All things being equal, fuel prices will not travel beyond 15 percent increase in 2017, some industry analysts...
Fresh US Drilling Capping Oil Price
Renewed drilling by US oil producers is keeping a ceiling on a global crude price recovery, cutting into the impact of...
OPEC Delivering On Agreed Oil Output Cuts
The OPEC oil cartel has implemented more than 90 percent of its agreed output cuts aimed at curbing a glut on world...
Oil Overhang Points To Need For Extended OPEC Output Cuts
An OPEC-led production cut may well be accelerating a drawdown in global oil stocks that began last year, but...
Oil Edges Further Above $55 On Russia, OPEC Cuts
Oil edged further above $55 a barrel on Wednesday supported by signs that Russia and OPEC producers are delivering on...