Despite pledges to increase production, OPEC+ saw a decline in collective output in April, driven by shortfalls in sanctioned ...

The International Energy Agency (IEA) has left its forecast for the increase in global Oil demand virtually unchanged. It ...

The OPEC+ members currently participating in voluntary production cuts will meet this Saturday, May 3, instead of Monday, May ...

Nigeria averaged a crude oil production output of 1.468mbpd in the first quarter of 2025, much lower than the 2mbpd ...

Oil prices may have no relief from further downside in the second half of 2025 with increased supply from the OPEC+ flooding ...

Azerbaijan’s crude oil production held steady in April 2025, according to OPEC’s latest figures. While output remained flat ...

West Texas Intermediate futures fell almost 2% to trade around $58 a barrel, continuing a slide this week that has brought prices near the lowest since early 2021. Key OPEC nations are considering ...

The price of oil dropped 18pc during April – the biggest monthly decline since November 2021. Brent crude fell from more than ...

The prospect of higher supply from OPEC and allies in the coming months will likely spell doom for oil prices.

LAGOS – Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reported that Nigeria’s crude oil production rose to 1.48 million barrels per day (bpd) in April 2025, marking a modest increase ...

The Nigerian National Petroleum Company Limited (NNPC Ltd) has been challenged to increase crude oil production with a target ...

Global Crude Oil glut looms ahead Energy markets are still clinging to hope that incoming energy sector sanctions on Russia will sop up the looming oversupply from OPEC production increases. However, ...