Oil dips on oversupply concerns, heads for weekly loss
Oil prices edged down early on Friday as oversupply concerns and demand worries stemming from a stronger dollar outweighed a ...
China's weak economy and record US production will lead to a surplus of one million barrels of oil a day next year, IEA says
Oil markets are facing a supply glut, with non-OPEC producers on track expand production by 1.5 million barrels of oil a day, ...
IEA Raises 2024 Oil Demand Projection, Trims Next Year's
The International Energy Agency (IEA) on Thursday raised its projection for 2024 oil demand growth but trimmed its forecast ...
Marketplace8h
International Energy Agency predicts an oil surplus next year
A supply glut tends to reduce prices, which could prove challenging for President-elect Trump’s plan to boost U.S. oil ...
Seeking Alpha18h
DHT Holdings: VLCC-Only Play At A Reasonable Discount
Rising crude oil imports will signal that the measures are working. This would be good news for tanker owners. OPEC extended ...
Oil dips on bigger-than-expected US crude stockbuild, oversupply concerns
Oil prices edged lower on Thursday, as rising U.S. crude inventories added to concerns of oversupply, while the dollar's ...
Oil prices ease on stronger greenback, fears of higher output
Oil prices slipped in early trade on Thursday, reversing most of the previous session's gains on a stronger dollar and ...
The Punch Newspapers8h
Nigeria’s petrol imports surged in October – OPEC
The volume of Premium Motor Spirit (petrol) imported into Nigeria surged in October, a report by the Organisation of the ...
Legit on MSN14h
OPEC Disagrees With NNPC Over Nigeria’s Crude Oil Production Figure
The Organisation of Petroleum Exporting Countries (OPEC) has said that Nigeria's crude oil production for October 2024 stood ...
The Guardian Nigeria1h
Oil-backed loans, OPEC quotas threaten FG’s N47.9tr budget plan
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 ...
Sahara Reporters21h
OPEC Disputes Nigerian Government's Oil Output Figures, Reports 1.434 Million Barrels Per Day In October
In its Monthly Oil Market Report (MOMR) released in November, OPEC clarified that its figures were based on secondary data ...
Crude Oil Prices11h
Nigeria’s Oil Recovery: A War Room, Some Luck, and a Dash of Ambition
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 ...