OPEC may ask Nigeria to cut oil production 

Jabar Ali al-Luaibi, Iraq’s oil minister, has signalled that Nigeria and Libya may be asked to…

OPEC panel looking at deepening, extending oil cuts -Sources

An OPEC panel reviewing scenarios for the oil producer group’s meeting next week is looking at…

Oil prices extend gains

Oil prices gained further Tuesday, boosting energy companies’ shares, after Russia and Saudi Arabia indicated they…

Oil prices back in the $50s as markets expect fresh OPEC deal

Oil prices rose on Friday as traders expected OPEC-led production cuts to extend beyond the middle of this…

Oil rises on expectations of extended OPEC-led production cut

Oil prices rose on Friday as traders expected OPEC-led production cuts to extend beyond the middle…

Equatorial Guinea says has crucial Saudi support for OPEC membership bid

Africa’s third-biggest oil producer Equatorial Guinea said on Thursday it had crucial support from Saudi Arabia…

Oil rises on low US inventories, Saudi cuts to Asia

Oil prices rose on Thursday, with benchmark Brent crude trading at $50.92 a barrel after a…

Oil rises after U.S. inventories drop, but extra supplies weigh

Oil prices rose on Wednesday after a larger-than-expected fall in U.S. crude inventories but failed to…

Libya’s oil output nears 800,000 bpd, helped by restarted fields

Libyan oil production has risen to just below 800,000 barrels per day (bpd) as the OPEC…

Shell testing Nigeria’s Forcados oil pipeline for restart -sources

Shell is testing Nigeria’s Trans Forcados crude export pipeline for a potential restart with the Astro…

Oil prices rise on expectations of output cut extension

  Oil prices rose on Monday on a growing conviction that an OPEC-led production cut initially…

Oil price sinks to five-month low of $48

Global oil benchmark, Brent crude, struck a five-month low on Thursday as the United States’ crude…