Tight Fuel Markets Boost Profits for Oil Refiners
Refining capacity closures and resilient fuel demand have tightened global fuel markets in recent weeks, benefiting refiners globally.…
Russia’s Crude Oil Export Revenues Hit Two-Year Low as Prices Dip
The value of Russian crude oil exports have sunk in May to the lowest level in over two…
OPEC+ Gives Up Trying To Boost Prices. What’s Next?
For over two years, OPEC and its partners from Central Asia, led by Russia, tried to push oil…
U.S. Shale Industry Braces for Increased Saudi Oil Production
Saudi Arabia is again making news in the oil markets. In a move reminiscent of the disastrous price…
U.S. crude production may decline in 2026 amid slowing global demand, S&P Global says
Slowing global oil demand amid extreme uncertainty about the future of U.S. trade and a coming supply surplus…
Crude Oil Tumbles Further as OPEC+ Hike Stokes Fears
By Aduragbemi Omiyale Africa’s richest man, Mr Aliko Dangote, has taken a significant step to reduce the annual…
Crude Oil Slips as Saudi Arabia Eyes Production Expansion
By Dipo Olowookere The Nigerian Exchange (NGX) Limited spent another day in the territory of the bears on…
Crude Oil Market Grows Amid Tariffs, Oversupply Pressures
By Adedapo Adesanya The International Monetary Fund (IMF) has called on Nigeria and other African countries to deepen…
Crude Oil up 3% on Possible US-Europe Trade Deal Signals
By Adedapo Adesanya The value of the Naira improved against the United States Dollar by 0.2 per cent…
Crude oil futures decline after IEA lowers demand forecast
IEA monthly oil market report said that global oil prices tumbled by around $10 a barrel in March…
Why OPEC+ is Supporting a Potentially Disastrous Rise in Oil Production
Oil prices have fallen fast since the 3 March announcement from OPEC+ that it will go ahead with…
Restoring U.S. Oil Reserve to Capacity Could Take Years, Cost $20 Billion
3/7/2025 (Reuters) — U.S. Energy Secretary Chris Wright estimates it would take $20 billion and years to accomplish…