The price of oil may remain low for the rest of the year as the Organisation of Petroleum Exporting Countries (OPEC) failed to agree on crude oil output cut at its 169th meeting held in Vienna, Austria. The group had in December 2015 failed to...

Oil prices tumbled on Tuesday as United States rate hike expectations lifted the dollar oil but crude pared losses on worries about more supply outages from Nigeria’s main crude oil terminal. According to Reuters reports, growing expectations that the US Federal Reserve may raise rates...

Global oil prices traded higher, buoyed by supply disruptions of 2.5 million barrels per day in some countries, including Nigeria and Canada. Brent crude, the global oil benchmark, rose by 1.59 per cent to $45.20 per barrel, while the United States West Texas Intermediate traded...