oil glut

Brent crude price tanks again

Brent oil prices sank Monday, after bumper gains before the weekend, as some traders took…

Oil hits new 5.5-year lows, US stocks wobble

*World market hit by Saudi discounts to Western nations Oil prices tumbled Tuesday to fresh…

OPEC member blames 'irresponsible' non-members for oil glut

"Irresponsible" levels of output by producers from outside the OPEC oil cartel is among the…

Crude oil export: 40 Nigerian cargoes await buyers

Around 40 Nigerian crude oil cargoes were still available out of 63 loading in November,…

Brent oil price falls to two year low

Brent crude oil prices struck a new two-year low on Wednesday, weighed down by abundant…

Oil glut hits sale of Nigerian crude

Nigerian crude oil differentials were weak on Thursday as a global glut of physical supply…

Oil glut: Price falling below $100 triggers panic in OPEC

Oil's slide below $100 a barrel on Monday adds to financial worries for OPEC members,…