Nigeria's oil production has risen to 2.1 million barrels a day, the managing director of state oil firm NNPC has said, without giving an explanation for the increase. "We are hoping that by the end of 2017 we should ramp up production to above 2.2...

Some members of the Organisation of Petroleum Exporting Countries including Saudi Arabia are looking to revive the idea of coordinated oil-output action by major producers when the group meets today in Vienna. A senior OPEC source was quoted by Reuters to have said this, but...