NNPC plans to push for a 25% increase in Nigeria’s oil output quota by 2027, citing refinery growth and improved production.

West Texas Intermediate (WTI) Oil price edges lower after registering more than 2.5% gains in the previous session, trading ...

OPEC+ opts to increase output despite soft market conditions, a lowering demand trajectory, and virtually zero geopolitical ...

Oil prices rose despite OPEC+ increasing output, exposing tighter-than-expected global crude and diesel markets.

The markets have shrugged off the weekend announcement by OPEC+ that it will increase output again, said Mukesh Sahdev, chief oil analyst with Rystad Energy, in a market update. He wrote that the ...

Saudi Arabia reportedly overshot its June oil production quota by 700,000 barrels per day, raising questions about OPEC+ ...

OPEC+ increases oil output amid falling prices and inflation relief, raising concerns over climate targets and green energy ...

By bnm Tehran bureau Iran topped global crude oil production growth in 2024, increasing output by 374,000 barrels per day (bpd) to achieve a 13% rise, according to OPEC's latest statistical bulletin.

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 prices rose on Friday, following US President Donald Trump's announcement of an upcoming statement concerning Russia, ...

It is all change at NNPC, says new CEO Bashir Bayo Ojulari, with the Nigerian state oil firm working on a multifront ...

Oil is expected to hold nearly 30% of the energy mix, while combined with gas it will stay above 50% through the period. "Oil underpins the global economy and is central to our daily lives," OPEC said ...