OIL Output
Nigeria’s oil output rises to 1.59 million bpd, says NUIMS
By Innocent Obasi The NNPC Upstream Investment Management Services (NUIMS) has disclosed that Nigeria’s oil production has risen to 1.59…
Nigeria, Iraq agree to cut oil output
The Organisation of Petroleum Exporting Countries (OPEC) has agreed to trim oil output by asking over-producing members Iraq and Nigeria…
Oil prices mixed amid Russian production output rise, strong demand in Asia
Oil prices were mixed Monday amid rising Russian production and strong demand in Asia. Crude Oil WTI Futures for July delivery…
Iraq supports OPEC-led oil output reduction deal, Iraq’s Masum says
Fuad Masum, Iraqi President said at a meeting Monday with OPEC Secretary-General Mohammad Barkindo that the country supports OPEC's agreement to…
Saudis see oil output cuts easing next year as producers remain committed to re-balancing market
OPEC and its allies including Russia may next year ease the crude-output curbs that have helped prices recover from the…
Iraq nears oil output capacity of 5 mln bpd, committed to OPEC cuts
Jabar al-Luaibi, Iraqi's oil minister said Saturday that oil output capacity in the OPEC member country is nearing 5 million barrels…
Oil prices rise on lower U.S crude stocks, growing output caps gains
Oil markets rose on Thursday, lifted by a fourth straight weekly fall in U.S. crude inventories, though climbing output capped…
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