Oil and Gas

Goldman Sachs’ short, medium, long term forecasts raise Brent crude price to $75, $82.50, $75 per barrel

After an earlier prediction that oil price would average $62 par barrel for 2018, Goldman Sachs, a global investment bank, has…

Nigeria’s state oil company says insecurity hindering oil exploration in Chad basin

Nigeria's state oil company, Nigerian National Petroleum Corporation (NNPC) on Tuesday blamed security challenges for the non-commencement of oil exploration…

The world’s oil kings are under threat

Uneasy lies the head that wears a crown in the world’s biggest oil market. Middle East producers who for decades…

Brent crude at $70 as OPEC members reassure on cuts

Oil traded near the highest close in more than three years as Iraq echoed a call by the United Arab…

Oil prices near $62 as U.S. crude stockpiles seen declining

Oil steadied near $62 a barrel on estimates that U.S. crude stockpiles declined for an eighth week as the rebalancing…

Oil trades near three-year high as doubts emerge over rally

Oil traded near the highest close in more than three years as U.S. crude stockpiles shrank for the seventh week,…

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