A supply glut tends to reduce prices, which could prove challenging for President-elect Trump’s plan to boost U.S. oil ...

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

Oil markets are facing a supply glut, with non-OPEC producers on track expand production by 1.5 million barrels of oil a day, ...

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 ...

Meanwhile, the International Energy Agency forecast global oil supply will exceed demand in 2025 even if cuts remain in place ...

The Organisation of Petroleum Exporting Countries (OPEC) has said that Nigeria's crude oil production for October 2024 stood ...

"There is more oil available. What we need is stability and predictability so that in the period ahead countries can base ...

The Nigerian National Petroleum Corporation (NNPC ... According to producer group OPEC’s latest report, oil production at Africa’s top crude exporter was estimated at 1.3 million bpd in October.

The monthly report from the IEA bears no change in the narrative for the 2025 outlook. The US Dollar Index rallies further after President-elect Trump secures a majority in both Senate and House.

Oil prices rose about 1% on Thursday, paring some of the sharp declines seen earlier this week due to a stronger U.S. dollar ...

While the November data from OPEC and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is yet to be released, ...