Analysts at Morgan Stanley in a report for clients released earlier Monday tried to match up production from certain OPEC+ members with the unwinding of 2.2 million b/d of cuts. The aggregate ...

OPEC’s crude oil production in May increased less than called for in the OPEC+ agreement. The five OPEC members that have ...

Crude oil futures started the week higher as the market weighs doubts about how much extra oil OPEC+ countries have placed on ...

Opec does two things well: produce oil and manage the market to its advantage. The cartel has long held that cutting production and keeping the oil price high beats selling more barrels at lower ...

A 20% drop in oil prices has complicated negotiations between Aramco and Nigeria over a record $5 billion oil-backed loan, as Nigeria struggles with low output and persistent oil theft.

Oil prices extended gains on Tuesday, buoyed by U.S.-China trade talks and a dip in Saudi Arabian crude supply to China.

For months, the biggest news in the market has been OPEC+’s seismic decision to stop supporting oil prices — instead ...

Nigeria’s oil revenue is currently on the rise as market data revealed that Nigeria’s crude oil blend, Bonny Light, traded at $78 per barrel on Friday. The price increase is above $75 per barrel, ...

A private investor harvested an additional 290,000 kilogrammes in the same period. The yield is expected to double as the ...

Oil prices were trading near multi-weak highs on Tuesday as hopes of a trade deal between the US and China buoyed sentiments.

Experts predict oil could drop below $50 by 2025, likely lowering gas prices—though local factors may affect savings.