OPEC on Tuesday raised its global oil demand forecast for next year and trimmed its estimate for growth in supply from the ...

Nigerian crude prices rose on Monday after Ukraine stepped up attacks on Russia, fanning concerns that Russian oil supply could ...

The raised forecast comes as the global economy was now projected to grow 3% this year, up from 2.9% previously.

Angola’s oil production fell below 1 million barrels per day in July, missing government forecasts and highlighting ongoing ...

The large increase in refining capacity has created a pricing conundrum thanks to Middle East petroleum products now reaching ...

Africa is set to add 1.2 million barrels per day (bpd) of new refining capacity by 2030, marking one of the fastest downstream expansions globally, according to the newly released 2025 OPEC World Oil ...

Senator Heineken Lokpobiri, has assured that Nigeria remains fully committed to the rules of the Organisation of Petroleum Exporting Countries despite recent gains in crude oil output.Lokpobiri said ...

OPEC was formed by five petroleum-rich countries in 1960. At the time, the global oil market was dominated by a group of multinational, Anglo-American companies known as the “Seven Sisters.” ...

Saudi Arabia's crude oil exports slipped in June to their lowest level in three months, according to data from the Joint ...

The focus of this post is an overview of World oil production along with a more detailed review of the top 11 Non-OPEC ...

Oil supply from countries outside the Declaration of Cooperation - the formal name for OPEC+ - will rise by about 630,000 ...