OPEC

Oil prices could hit $100 despite increased production from OPEC, allies

The highly volatile oil market might be faced with more volatility in the coming months as oil analysts say that…

Brent drops to 1 month low of $72 on increased supplies concerns

Oil bulls looking for a respite from last week's sell-off were left disappointed as crude remained under pressure on Monday,…

We are ready for lower-than $60 oil price, says Austin Avuru, Seplat CEO

Austin Avuru, Seplat chief executive officer says the company's strategy in combatting near to midium-term challenges such as decline in…

Oil prices gain on anticipation of U.S. sanctions on Iran amidst global demand

Oil prices rose on Friday on concern that U.S. sanctions against Iran would remove a substantial volume of crude oil…

Oil Price up by 2% as OPEC agree modest output increase

Oil prices rose on Friday after OPEC agreed a modest increase in output to compensate for losses in production amidst…

Supply worries ahead of OPEC summit outcome as analysts see risk in a lack of consensus

Analysts and investors are in bated breath as they await the outcome of this week’s three-day OPEC summit, which ends…

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