Russia appears to be on the cusp of a debilitating oil-freight transportation problem because of US sanctions, writes ...

Oil edged higher in early Asian trade after falling overnight, but may continue to be weighed by rising U.S. stockpiles and trade uncertainty.

OPEC decided ... to stick with its plan - to lift production by 120,000 barrels per day every month for 18 months starting ...

Colombian president Gustavo Petro has ordered the state-run oil company Ecopetrol to cancel a joint venture with U.S.

Nigeria has set a target of boosting daily production to 2.7 million barrels of crude and condensate by 2027.This was disclosed by President Bola Tinubu’s Special Adviser on Energy, Olu Verheijen, ...

The meeting of the OPEC+ alliance ended on Monday with a decision to keep the current oil production policy unchanged. The OPEC+ members reaffirmed their commitment to production cuts aimed at ...

“I'm also going to ask Saudi Arabia and OPEC to bring down the cost of oil." The remarks were the first of Trump's four-day-old presidency to global business and political leaders at a time when ...

However, that is now pushed back until September 2026. OPEC Dec crude production fell -120,000 bpd to 27.05 million bpd. Crude oil demand in China has weakened and is a bearish factor for oil prices.

Image source ... There are dozens of oil stocks. They run the gamut from pure-play exploration and production companies (E&Ps), midstream businesses, service providers, and refiners to integrated ...

(It should be noted that in OPEC’s Monthly Oil Market Report (MOMR) for October 2015, expected 2016 production from the US & Canada ... gas scrubbers with high sulphur fuel as an alternative ...

Meanwhile, OPEC’s latest report pointed to a rise in crude production, further weighing on prices. According to the organization’s monthly oil market report released Wednesday, OPEC’s output ...

Yesterday both the IEA and OPEC released their monthly oil market report ... supply is expected to grow by a similar amount.” “OPEC production saw marginal growth in December, increasing ...