OPEC

Oil trades near $46 as Nigeria, Libya await decision to cap crude output

Oil traded near $46 a barrel as crude production rebounded in Libya, an OPEC member exempt from output kerbs. Futures…

Tide turns for sulphur-rich oil in a sea of light crude

The world is awash with oil, but in pockets of the market lower-quality, sulphur-rich crude is limited and buyers are…

Nigeria gets 2018 budget alert in OPEC’s ominous global demand warning

Nigeria, Africa’s largest economy by gross domestic product, presently on a crude oil life support, owing to decades of dependency…

Numbers show huge challenges facing OPEC members

The price of a barrel of Brent crude has more than halved over the past five years, triggering an existential…

Nigeria, Libya responsible for hike in OPEC June oil output to 32.47mbpd

Recovery in oil production in Nigeria and Libya led to a hike in total Organisation of Petroleum Exporting Countries (OPEC)…

Oil near $44 as Saudi Arabia’s output increase raises doubts

Oil futures were little changed in New York, trading near $44 a barrel following a report that Saudi Arabia exceeded…

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