U. S. oil prices fell on Friday after government data released late on Thursday showed stockpiles rose last week for a seventh straight week, although losses were muted as inventory growth was well...
The Chamber of Petroleum Consumers(COPEC) has discredited reports that fuel prices will go up this week. The Institute of Energy Security (IES) predicted a 3 percent increase in fuel prices for the...
The Institute of Energy Security (IES) has predicted a percent increase in fuel prices next week. According to the Institute, due to current developments around the world, it is likely prices for the...
U. S. shale producers are facing their first production cost increase in five years in 2017 as industry activity picks up and energy service providers hike fees to take a bigger share of the profits...
Oil slipped on Friday, pressured by growing global stocks, while expectations that an oil output cut by producers might eventually balance the market helped to underpin prices. Brent crude futures...
The Institute for Energy Security (IES) has indicated fuel prices could go up by 3% if government does not take any action to address recent developments in the energy sector. In a statement issued...
The Institute for Energy Security (IES) has indicated that if government does not take any action to address recent developments in the energy sector, fuel prices could go up by three per cent at the...
All things being equal, fuel prices will not travel beyond 15 percent increase in 2017, some industry analysts anticipate. This is largely due to a forecast that the price of oil will end the year at...
Militant attacks on key oil facilities last year reduced Nigeria's output by one million barrels per day, resulting in a revenue loss of up to $100 billion (94 billion euros), according to the...
British consumer prices rose last month at the fastest pace since June 2014 and are set to rise further, propelled by higher global oil prices and the Brexit-fuelled fall in the pound, official data...
Renewed drilling by US oil producers is keeping a ceiling on a global crude price recovery, cutting into the impact of deep reductions by other major producers, OPEC said Monday. In its latest oil...
The OPEC oil cartel has implemented more than 90 percent of its agreed output cuts aimed at curbing a glut on world markets, Kuwait's oil minister said on Monday. OPEC and non-OPEC producers...
An OPEC-led production cut may well be accelerating a drawdown in global oil stocks that began last year, but implementing the reduction for just six months means the producer group will fall short...
Oil prices slid on Wednesday to extend falls from the previous session, as a big increase in U. S. crude inventories and a slump in Chinese demand implied that global oil markets remain oversupplied...
Oil prices rose on Monday, with traders shifting money into crude futures as the dollar weakened, and as concerns rose that new U. S. sanctions against Iran could be extended to affect crude...
Oil prices edged up on Friday on news that U. S. President Donald Trump could be set to impose new sanctions on multiple Iranian entities, firing geopolitical tensions between the two nations....
Oil prices fell on Thursday after official data showed U. S. crude and gasoline stockpiles rose sharply, although signs that OPEC and other producers are holding the line on output cuts helped...
Prices of fuel must be cut by between 1 and 4% in the first pricing window for February, the Chamber of Petroleum Consumers Ghana has said. In a statement, the Chamber said prices of fuel products...
The Chamber of Petroleum Consumers is calling on the various Bulk Distribution Companies (BDCs) and Oil Marketing Companies (OMCS) to reduce fuel prices between 1-4% to ease the current pressures on...
Oil supplies from OPEC are plunging this month as the group implements production cuts aimed at erasing a global surplus, according to tanker-tracker Petro-Logistics SA. The Organization of Petroleum...
