Global oil supply could exceed demand by around 600,000 barrels per day this year, the International Energy Agency said today ...

Others, like the United Arab Emirates and Gabon, are also producing slightly above their assigned quotas. This has caused an ...

OPEC criticizes the IEA's inconsistent messages regarding oil and gas investment, highlighting a recent "U-turn" from ...

The country has experienced fluctuating oil production due to internal strife since the fall of Muammar Gaddafi in 2011.

Organization of Petroleum Exporting Countries or OPEC stated in a latest monthly report that India's crude imports began the year averaging 4.9 mb/d. This represents an increase of 154 tb/d, or over 3 ...

THE execution of Nigeria’s 2025 N54.99 trillion budget appears to be facing more challenges as the main source of funding, ...

Kazakhstan reaffirmed its commitment to adjusting its oil production to align with its agreed OPEC+ quota, following an overproduction ...

Despite softer retail inflation, investor sentiment remained low amid escalating trade tensions. Front-line indices like ...

A lower-than-expected increase in US crude oil inventories supported the market, while better-than-expected US consumer price ...

The latest monthly oil market report by OPEC showed that Nigeria’s crude production declined from 1.54 million barrels per ...

Saudi Arabia's crude oil shipments to its biggest customer, China, are expected to drop to their lowest level in more than a ...