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...
Global oil benchmark, Brent crude, on October 26, 2016 has traded above $50 per barrel for the first time in 2016 as supply disruptions and increased global demand continue to fuel a recovery.
Brent, against which Nigeria’s oil is priced, hit $50.14 per barrel ,...
...Company silent on attack
... Ijaw youths give condition for peace
...Crude oil price hits $50 per barrel
...Kachikwu says FG has no plan to privatise refineries
Niger Delta militants again last night bombed Chevron’s crude oil pipeline located at Abiteye in Warri South West Local Government of...
Oil prices dipped slightly in Asia but stayed above $41 a barrel as OPEC raised hopes of a moderate rebound from a meeting of key producers in Qatar in April.
At around 0400 GMT, US benchmark West Texas Intermediate (WTI) for delivery in May, a...
Crude oil prices monday rose by over six per cent after the world’s oil consumer body, the International Energy Agency (IEA), said it expected United States shale production to fall this year and next, potentially easing a glut that has driven prices to their...
There was renewed hope about the possibility of a rise in oil prices as the world’s top oil producers, Russia and Saudi Arabia, agreed to a production output freeze to tackle oil glut, as long as other countries are ready to do same.
Other producers...
