The Federal Government is considering adding a fresh liability of $2.2 billion to the existing debt overhang as part of its plans to fund ...

China's oil refiners in October processed 4.6% less crude than a year earlier, falling year-on-year for a seventh month, amid the closures of some plants and reduced operating rates at smaller ...

Oil prices closed slightly higher in choppy trading on Thursday (Nov 14), as a steep draw in US fuel stocks outweighed ...

Nigeria has cranked up its oil production to a respectable 1.8 million barrels per day, and now claims it could hit 2 million bpd of production by year's end ...

The recent string of oil price hikes may be coming to an end, with industry analysts projecting a slight dip in prices next ...

Both OPEC and IEA signaled they expected a well supplied market this year and next. “Oil is tackling the (earlier) weaker demand forecast narrative by OPEC, who deferred rolling back additional ...

Oil rebounded on Wednesday on short-covering after prices fell near a two-week low in the prior session on OPEC's demand ...

L1 Capital, an investment management firm, released its “L1 Long Short Fund” third quarter 2024 investor letter. A copy of ...

Given that oil demand growth next year probably won't be much more than 1 million barrels a day, a full unwinding of OPEC+ ...

On Tuesday, OPEC, in its monthly report, cut its forecast for growth in global oil demand by 107,000 barrels a day in 2024 to 1.8 million barrels a day, or mbd, citing updated data for the first three ...

Oil prices held near a two-week low on Tuesday after dropping about 5% over the past two sessions as investors absorbed ...

The small movements in gasoline futures mean that prices remain relatively flat in most spot markets OPIS follows around the U.S. Chicago Comprehensive November Cycle 2 CBOB, however, was seeing gains ...