Organisation of Petroleum Exporting Countries
Oil slides below $45 as supply rises
BY: Moses olajuwon Obajemu Oil edged further below $45 a barrel on Friday, giving up some of this week’s gain,…
OPEC’s Barkindo says global oil industry requires $10 trn investment by 2040 to meet future demand
The global oil and gas industry requires an estimated $10.5 trillion to meet future world oil demand that is expected…
Impact of outages to fade as IEA raises global oil demand to 1.5m bpd
Bullish The International Energy Agency (IEA) has raised its estimate of world oil demand growth next year to 1.5 million…
Nigeria’s crude production rises slightly in July as Shell lifts force majeure on Bonny light.
Nigeria's crude oil output rose slightly by 50,000 barrels per day in July, as a result of the lifting of…
Brent oil slips to three-month low on prospects of global stock increase
Brent oil prices slipped to a three-month low on Wednesday on expectations that the combination of slowing demand and rising…
OPEC supply boost could stretch spare oil capacity to the limit, IEA warns
The Organisation of Petroleum Exporting Countries' (OPEC's) rejuvenated bid to tame crude prices could soon exhaust the world's spare capacity…
Oil prices retreat to $77pb on crude build from US, Saudi Arabia, may snap weekly string of wins
Crude-oil prices retreated early Friday and were on track to book a weekly loss for the first time in three…
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