All Nigerians are interested to know what is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx) See the black market Dollar to Naira exchan… Read More

Russia’s energy service said on Thursday that its oil creation in May surpassed standards set by the OPEC+ gathering of significant oil delivering nations, while vowing to meet its com… Read More

June 13, (THEWILL)- Nigeria’s average crude oil production in May dropped to 1.25 million barrels per day (bpd) from 1.28 million bpd recorded in April 2024, the Organisation of Petrol… Read More

Oil climbs on optimistic demand outlook By Emily Chow SINGAPORE (Reuters) -Oil prices ticked higher on Wednesday amid upbeat global demand views from the U.S. Energy Information Administrati… Read More

Oil climbs on optimistic demand outlook By Emily Chow SINGAPORE (Reuters) -Oil prices ticked higher on Wednesday amid upbeat global demand views from the U.S. Energy Information Administrati… Read More

Oil climbs on optimistic demand outlook By Emily Chow SINGAPORE (Reuters) -Oil prices ticked higher on Wednesday amid upbeat global demand views from the U.S. Energy Information Administrati… Read More

Oil climbs on optimistic demand outlook By Emily Chow SINGAPORE (Reuters) -Oil prices ticked higher on Wednesday amid upbeat global demand views from the U.S. Energy Information Administrati… Read More

আন্তর্জাতিক অর্থনৈতিক জোট হলো &#… Read More

Oil prices begin edging upwards, surpassing $74.00 after experiencing significant gains earlier this week. On an upbeat note, OPEC+ challenged bearish sentiment by warning against unwinding… Read More

The Organization of the Petroleum Exporting Countries (OPEC) plays a pivotal role in the global oil market, influencing oil prices and production levels. Understanding OPEC's functions and i… Read More

Oil comes off four-month low as US jobs data fuels rate cut bets By Deep Kaushik Vakil and Ahmad Ghaddar LONDON (Reuters) -Oil prices edged up from four-month lows on Wednesday after a filli… Read More

Oil near 4-mth low after OPEC+ supply plan, US stock build By Florence Tan SINGAPORE (Reuters) -Oil prices hovered near four-month lows in Asia on Wednesday as markets digested an OPEC+ deci… Read More

Oil drops more than $1 as OPEC+ decision spotlights shaky demand By Paul Carsten LONDON (Reuters) -Oil prices fell more than $1 on Tuesday on scepticism about an OPEC+ decision to boost supp… Read More

OPEC disclosed this at its 37th OPEC and non-OPEC ministerial meeting. The post OPEC extends oil production cut appeared first on Premium Times Nigeria. source https://www.premiumtimesng.c… Read More

Sensex crashes over 6,100 points due to disappointing early election counting trends. BSE-listed stocks’ market capitalisation dropped significantly, erasing previous session’s g… Read More

OPEC+ extends deep oil production cuts into 2025 By Ahmad Ghaddar, Alex Lawler and Maha El Dahan LONDON/DUBAI (Reuters) -OPEC+ agreed on Sunday to extend most of its deep oil output cuts wel… Read More

Dow dropped 200, decliners over advancers 5-4 & NAZ was up 34.  The MLP index fell 2+ to the 274s & the REIT index was steady in the 373s.  Junk bond funds rose & Treas… Read More

The Organization of the Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+, have announced a significant extension of oil production cuts into 2025. This decisi… Read More

As OPEC+ prepares for its virtual meeting on June 2, 2024, the global oil market finds itself at a critical juncture. Crude oil prices have exhibited significant volatility this year, influe… Read More

The Arab world, particularly the countries of the Middle East, holds the lion's share of the world's oil reserves. Nations like Saudi Arabia, Iraq, the United Arab Emirates, Kuwait, and Qata… Read More

Understanding the Basic Factors Influencing the Oil Market Oil market fluctuations can seem bewildering at times, with prices rising or falling without an apparent reason. However, several f… Read More

Crude oil continues to advance for the third day in a row through both crude oil, Brent and West Texas Intermediate, which rose by 0.35% and 0.56% respectively, thus reaching their highest… Read More

Oil prices inch up ahead of inflation data following a downbeat week. Oil prices saw slight gains in subdued trading due to public holidays in Britain and the United States. This followed… Read More

What is OPEC+ and how does it affect oil prices? DUBAI (Reuters) – The Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia are known collectively&helli… Read More

What is OPEC+ and how does it affect oil prices? DUBAI (Reuters) – The Organization of the Petroleum Exporting Countries… Read More

Oil edges higher after inflation gloom hit prices By Robert Harvey LONDON (Reuters) – Oil prices crept higher on Friday, having been under pressure from lingering concerns that sticky… Read More

Oil edges higher after inflation gloom hit prices By Robert Harvey LONDON (Reuters) – Oil prices crept higher on Friday, having been under pressure from lingering concerns that sticky… Read More

Oil prices dropped on Thursday for the fourth consecutive session, fueled by concerns over the possibility of sustained higher interest rates in the United States, which could potentially h… Read More

The rumble of car engines and the hum of industrial machinery, the soundtrack of our modern world, is powered by a single crucial resource, oil. This “black gold” fuels our trans… Read More

In the realm of commodities trading, few instruments hold as much sway and complexity as crude oil futures contracts. These financial tools play a pivotal role in global markets, influencin… Read More

Retail diesel prices are now near levels not seen since the beginning of last summer. The weekly average retail diesel price posted by the Department of Energy/Energy Information Adm… Read More

20th May 2024 From 1.28 million barrels per day in April, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, says Nigeria’s oil produc… Read More

Half of OPEC Member Countries are African and this includes the continent’s most populous country, Nigeria, and the largest by area, Algeria. OPEC also counts Congo, Equatorial Guinea… Read More

Dangote Refinery, a $20 billion refinery, has issued a term tender to purchase 2 million barrels of West Texas Intermediate Midland (WTI) crude oil per month for 12 months starting in July … Read More

The Brew News, your leading alt-news source for the latest updates in sports, entertainment, business, tech and IPL straight up from Dubai, UAE. As the leading news portal in the Middle East… Read More

Oil down on inflation, supply risks in Mideast, Canada lend floor By Georgina McCartney HOUSTON (Reuters) -Oil prices fell on Tuesday, after fresh U.S. data indicated inflation remains stick… Read More