Oil & gas

Oil trades near $56 after slump as U.S. gasoline stockpiles gain

Oil held losses near $56 a barrel after falling the most in two months as U.S. gasoline stockpiles expanded more…

Marketers demand clamp down on private depots as fuel scarcity looms

Marketers of petroleum products have demanded a clamp down on the private depot in Apapa over alleged total disregard by…

OPEC, Russia to extend oil production cuts until end of 2018

OPEC and Russia are ready to extend their oil production cuts until the end of next year to ensure global…

Russia expects OPEC to reach oil-cut deal as group meets in Vienna Thursday

Alexander Novak, Russia’s Energy Minister expects OPEC and its allies to reach a decision on Thursday, Nov. 30 to extend…

Oil prices poised for a pullback after OPEC announces its output cut decision this week

Market watchers see few opportunities for oil prices to rally, but plenty of room for them to fall, after a…

OPEC in the dark about shale as annual growth forecasts from 300,000 bpd to 1.7m

OPEC will have to decide whether to extend global oil cuts without knowing whether they’re triggering a new flood of…

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