OPEC

Oil rises as OPEC compliance eclipses boom in US output

Oil prices rose on Thursday after a survey showed OPEC’s commitment to its supply cuts…

Oil prices rise to $70 on strong economy amid OPEC cuts

Oil prices were firm on Wednesday, receiving ongoing support from healthy economic growth as well…

OPEC’s Barkindo says balanced oil market is in sight

OPEC Secretary-General Mohammad Barkindo said on Thursday there is no doubt that in the wake…

OPEC exempts Nigeria from oil production cuts

The Organisation of Petroleum Exporting Countries (OPEC) and Non-OPEC countries have approved Nigeria’s exemption from…

OPEC will support Libyan, Nigerian oil output recovery – Saudi Minister

Saudi Energy Minister Khalid al-Falih said Monday that OPEC 10 other major oil producers remained…

World oil demand to rise – OPEC

The Organisation of Petroleum Exporting Countries (OPEC) has said demand for oil around the world…

Angola displaces Nigeria as Africa’s leading oil producer

With daily production of 1.651 million barrels recorded this month, Angola’s has overtaken Nigeria as…

Oil prices jump as OPEC cuts output

Oil prices rose more than one per cent on Tuesday after news that the world’s…

Oil prices rise as markets eye production cuts

Oil prices rose on Tuesday, the first trading day of 2017, buoyed by hopes that…

Oil prices jump as planned production cuts materialise

Oil prices jumped on Friday as evidence increased that producers in the Middle East were…