OPEC

New OPEC worries as U.S. oil output hits 10mbpd, weakening price rally

The Organisation of Petroleum Exporting Countries (OPEC’s) effort to prop up global oil prices may face a draw back as…

Oil falls on robust dollar, pushing the price below $69 a barrel, first time in six days

International oil price fell on Tuesday for a second day running as a stronger dollar dented risk-linked assets such as…

Weaker dollar would not hurt Nigeria, vice president says

Yemi Osinbajo, Nigeria’s vice president Thursday said a weaker U.S. dollar would not necessarily hurt his oil-producing nation, according to…

OPEC’s 2.19m barrels spare capacity no threat to Brent in 2018 – BMI

BMI Research, a Fitch Group company, has indicated that the 2.19 million barrels per day of spare production capacity of…

Oil rises as Saudi Arabia sees OPEC, allies Cooperation beyond 2018

Oil prices climbed on Monday, an effect of comments from Saudi Arabia that cooperation between oil producers who are currently…

U.S to become leader of oil, gas supply as crude to Europe threatens Middle East sales in Asia

The International Energy Agency asserted on Friday that the United States is set to overtake Saudi Arabia as the world’s…

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