OPEC may raise oil output from July if Venezuelan and Iranian supply drops further and prices keep rallying, because extending production cuts with Russia and...
Oil price on Tuesday hit a five-month high above 71 dollars a barrel, supported by concern that violence in Libya could further tighten supply already squeezed...
Oil prices rose by about one per cent today after top exporter, Saudi Arabia, announced a cut in supply for December. International benchmark Brent crude oil...
Oil prices steadied today as U.S. sanctions against Iran’s fuel exports began but were softened by waivers allowing major buyers to import Iranian crude for a...
Oil fell for its fourth consecutive week of decline, as rising crude supply met the bearish combination of concern over global growth and weak equity markets....
Oil prices suffered steep falls on Wednesday after Libya said it would boost supply, even as investors fear that trade tensions will hit demand. Brent crude...
Nigeria stands to benefit as oil rose on Tuesday at the international market, supported by gains in equities and supply concerns in Norway and Libya. Brent...
By Odunewu Segun The oil markets were pushed lower by an escalating trade disputes between the United States and other major economies, including China, the...
Some experts in the oil and gas industry said there was no cause for alarm over the increase in the crude oil benchmark from 45 dollars...
Oil prices on Monday extended falls from late last week after China threatened duties on American crude imports in an escalating trade dispute with Washington, while supply from...
