OPEC 12 output for May 2025 was revised up by 34 kb/d, and June 2025 output was revised higher by 46 kb/d compared to last ...

Rising costs and slowing productivity in U.S. shale signal the end of relentless production growth, potentially setting the ...

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 ...

China Concord Resources aiming to produce 60,000 barrels per day by the end of next year ...

Discover how an oil embargo in the 1970s inadvertently propelled the growth of wind energy! The 1973 Yom Kippur War led OPEC Arab states to cut oil supplies, challenging countries like the USA, Japan, ...

The move should bring Iraq closer to achieving "self-sufficiency of petroleum products", and reduce the burden of importing petroleum derivatives.

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

Crude oil prices are following Chinese growth with a one-year lag, and the same holds good for prices of corn, soyabean and ...

Bonny Light crude oil reached about $70 per barrel as the country surpassed the quota set by the Organization of Petroleum Exporting Countries (OPEC) and its partners (OPEC+).

Nigeria’s foreign reserves have risen to $41 billion, a milestone last recorded nearly four years ago, with analysts crediting the ...

The Nigerian National Petroleum Corporation Limited (NNPC) has reported a remarkable 98 percent surge in remittances to the ...