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Global Oil Production Declining, Not Meeting Fuel Demand – OPEC

Global Oil Production Declining, Not Meeting Fuel Demand - OPEC The Secretary General of the Organisation of Petroleum Exporting Countries, Haitham Al Ghais, has warned that global oil production capacity was dropping. Speaking during a recent interview with S&P Global Commodity Insights, he stated the refinery...

Crude Oil: Bonny Light Loses All 2022 Gains

Crude Oil: Bonny Light Loses All 2022 Gains   Nigeria’s Bonny Light grade crude oil lost all its gains in 2022 after trading at $81.94 per barrel at the end of 2022, a drop of 8.26 percent from the $88.71 per barrel it traded in January...