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…
Petroleum Economist: March 2025
The March 2025 issue of Petroleum Economist is out now! The February 2025 issue of Petroleum Economist is…
OPEC+ Rethinking Oil Production Rampup After Trump Complications
OPEC+ is still weighing its Q2 oil production plans, according to eight OPEC+ sources who spoke to Reuters…
“Dark ships” are moving sanctioned oil around the globe
Western sanctions on some oil producers, like Iran, Russia and Venezuela, have caused a growing number of oil…
BPCL secures a strategic contract with Petrobras for Brazilian crude oil imports
India continues its strategy of diversifying crude oil supply sources with the signing of a key contract between…
Petroleum Economist: February 2025
The February 2025 issue of Petroleum Economist is out now! The December/January issue of Petroleum Economist is out…
OPEC Drops U.S. EIA as a Secondary Source Assessing Oil Production
By Charles Kennedy – Feb 03, 2025, 9:52 AM CST
OPEC has replaced the EIA with Kpler,…