oil prices

The Organization of the Petroleum Exporting Countries (OPEC) is forecasting a robust summer for oil demand, driven by increased travel and economic growth. This prediction comes amidst a wider-than-usual range …

Nigeria faces the prospect of missing out on significant opportunities as oil prices soar towards the $100 mark, signaling potential windfalls for oil-producing nations. Despite being a major player in …

US oil and gas producers are tapping the brakes on drilling activity. For the third week in a row, the rig count in the United States has dipped, according to …

Oil prices surged on Tuesday, April 2nd, 2024, driven by concerns over potential supply disruptions in Russia and the Middle East. The benchmark Brent crude futures contract reached its highest …

Oil prices edged higher on Wednesday, April 3rd, 2024, on concerns about tighter global crude supplies. A larger-than-expected decline in U.S. crude oil inventories and ongoing geopolitical tensions in the …

Oil prices sink for the second day in a row as a stronger dollar and a surprising rise in US stockpiles put downward pressure on the market.

The US is refilling its Strategic Petroleum Reserve (SPR) after a record sale in 2022. The government aims to rebuild the stockpile while considering current oil market prices.

OPEC+ members agreed to extend their voluntary oil output cuts into the second quarter of 2024, boosting oil prices and signaling confidence in the global economic recovery. The decision, announced …

The ongoing war in Gaza and the prospect of a US interest rate cut have pushed oil prices higher, with Brent crude trading above $83 per barrel on Thursday. The …

The Organization of the Petroleum Exporting Countries and its allies (OPEC+) agreed to maintain their voluntary oil output cuts for another six months, boosting oil prices and tightening the global …