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

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

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

At the centre of this transformation is Nigeria’s 650,000-bpd Dangote Refinery, which began operations in 2024 and has already started reshaping West Africa’s fuel trade.

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 ...

Big manufacturers like GCL may set up a $7 bln fund to buy and then shut one third of polysilicon capacity. It could reduce ...

The return of previously curtailed oil production by OPEC+ members is killing U.S. shale growth, with industry executives referring to it as a “price war” to the Financial Times.

Fears of a massive non-dom exodus from the UK have been allayed by initial tax data, and UK companies in China are being ...

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.” ...

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 ...