Organization of Petroleum Exporting Countries

Africa seen as future of oil and gas industry despite challenges

Africa has never really had a strong voice in shaping global oil and gas industry despite being home to 8…

By businessamlive
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Oil prices fall as Trump Tweets demands price cut

Oil prices fell to nearly $74 on Thursday after U.S. President Donald Trump tweeted demanding that OPEC cut prices for crude,…

Oil rises as outages balance trade dispute

Oil prices rose on Tuesday, supported by Canadian production losses and uncertainty over Libyan exports, but under pressure from climbing…

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 slides toward $57 on signs U.S. gasoline stockpiles expanded

Oil dips toward $57 per barrel after industry data showed U.S. gasoline stockpiles expanded for the first time in four weeks.…

OPEC crude output drops to six-month low as total production fell 80,000 bpd in November

Crude production from the Organization of Petroleum Exporting Countries dropped again in November to a six-month low. Total production fell…

Crude oil prices mixed as all eyes on OPEC meeting this week

Crude oil prices were mixed in Asia Monday as the market turned cautious ahead of a key OPEC meeting near…

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