If Oil Disappeared Tomorrow…. By Haitham Al Ghais, OPEC Secretary General If oil disappeared tomorrow, there would be no more jet fuel, gasoline or diesel. Internal combustion engine automobiles, buses, trucks, lorries and coaches would be stranded. Airplanes powered by jet fuel would be grounded....

OPEC: Oil Output Reaches 6 Month Low, Nigeria's Revenue At Risk The latest data from the Organisation of the Petroleum Exporting Countries (OPEC) states that Nigeria’s oil revenue is under threat after crude oil production plummeted to 1.32 million barrels per day (mbpd) in February. This...

OPEC: Oil Output Reaches 6 Month Low, Nigeria's Revenue At Risk The latest data from the Organisation of the Petroleum Exporting Countries (OPEC) states that Nigeria’s oil revenue is under threat after crude oil production plummeted to 1.32 million barrels per day (mbpd) in February. This...

Oil Prices Fall As US Inflation Prompts Weak Demand On Thursday, oil prices fell as inflation data from the United States indicated a softening of the world’s biggest economy which could weaken crude oil demand. Brent futures went down by 6 cents to $83.62 a barrel...

Oil Prices Rise As Houthis Strengthen Their Attacks On Thursday, oil prices rose as Iran-aligned Houthis stepped up their attacks in the Red Sea near Yemen while the market faced a large build in crude inventories in the world’s largest producer, the United States. During the...

Oil Market Rises As Dollar Weakens On Thursday, the oil market rose after retail data in the United States prompted a sell-off in the Dollar, the trading currency for the commodity, with Brent crude futures up by $1.26 or 1.5 per cent to $82.86 a...