Crude Oil Prices Rise on Supply Concerns, US Inventories Drop
By Adedapo Adesanya The Lagos Chamber of Commerce and Industry (LCCI) has suggested a tweak to Nigeria’s foreign…
Crude Oil Rises $1 on Middle East Supply Risks
By Modupe Gbadeyanka Stakeholders in the aquaculture subsector in Nigeria have been promised adequate support through favourable policies…
Oil Market’s Focus Shifts to Demand as Trump Reignites Trade War
(Bloomberg) — While US President Donald Trump’s chaotic tariff strategy has disrupted the oil market for months, his…
Crude Oil Market Jumps 2% on IEA Assurance
By Adedapo Adesanya Woodhall Finance House, in partnership with the UK Government’s Department for Business and Trade, Polaris…
Gas prices drop to 2021 levels, offering relief to summer travelers
LAS VEGAS (KSNV) — As summer road trips heat up, drivers are experiencing some relief at the gas…
OPEC+ likely to pause output hikes after next meeting, says Goldman Sachs
(Bloomberg) – The OPEC+ oil producer alliance is likely to make its next hike in collective output its…
Why OPEC+ Is Pumping Fast and Playing Hardball
OPEC+ blindsided oil market participants, again, with a larger-than-expected oil production hike for August. Instead of the…
Kuwait’s KPC eyes market opportunity driven by OPEC+ supply hike
(Bloomberg) — Kuwait’s state energy company said OPEC+’s latest super-sized supply hike and recent interactions with customers suggest…
Oil Market Heading For Surplus In 2025 On Latest OPEC+ Output Hike
An oil storage facility in Groot-Ammers, The Netherlands. getty The global oil market is likely heading for a…
Iraq Claims Top Spot Among OPEC Crude Suppliers to the U.S.
OPEC’s second-largest producer, Iraq, was the single biggest supplier of crude from the cartel to the United States…
Middle East Oil Disruption Risk Plunges to 4%
The risk of crude oil supply disruption in the Middle East has dropped to just 4%, according to…
Putin says no need for OPEC+ to intervene in oil market due to Iran-Israel conflict
ST PETERSBURG, Russia (Reuters) -Russian President Vladimir Putin said on Friday that oil prices had not risen significantly…