Oil and Gas

Crude oil prices trim gains on IEA report

Crude oil prices trimmed gains on Monday, following news of an increase in U.S. output although traders remained hopeful ahead…

IEA sees U.S. oil output fulfilling most of world’s growing appetite for the next 5 years

Oil demand will keep expanding over the next five years, and the United States will fulfill most of the world's…

Angola offers former dos Santos’ diamond exploration licenses to investors

Angola has offered investors diamond exploration licenses that previously belonged to Isabel dos Santos, daughter of the former president, according…

Oil Prices flat in Asia Thursday early trade, capped by growing U.S. production

Oil prices were mostly flat Thursday morning in Asia, rising and dipping only marginally amid larger-than-expected U.S. crude build-up. Crude…

Nigerian oil exports to hit 1.85m bpd in April – programmes

Nigeria's oil exports are expected to rise to 1.854 million barrels per day (bpd) in April, loading plans showed on…

Demand for British oil edges higher as output to set record of 1mbpd

There is clearly an increasing demand for British oil from the North Sea, as United Kingdom sets to become a…