- Saturday, July 25, 2026
BusinessDay
Part of a growing glut of West African light sweet crude cargoes looks set to arbitrage into North America, following...
US benchmark oil prices surged to a four-month high after stockpiles at the nation’s biggest storage hub fell for the...
Countries, where Sinopec Group have investments, have been placed on red alert after it emerged that the Chinese firm plans...
The Organisation of Oil Exporting Countries’ (OPEC) oil supply in April has jumped to its highest in more than two...
Following the slump in crude oil prices, economic growth in 2015 is expected to be relatively sluggish, particularly for Africa’s...
The fight amongst crude oil producers for market share has taken a new dimension. Venezuela has initiated talks on a...
Brent crude reversed early losses to steady above $65 at the start of the week as signs that US shale...
Brazilian state-run oil company Petrobras reported its biggest-ever loss, the result of a $16.8 billion write-down in the wake of...
The current challenges faced by oil dependent countries such as Nigeria have prompted stakeholders in the energy sector to call on the government to subsidise the production of oil...
New and existing oil projects that exceed $17 per barrel are not sustainable at the current average crude oil price of about $50 per barrel, says the...
Nigerian president-elect Muhammadu Buhari’s administration will publish the full audit of the state oil company and expects it will need...
Refund of the missing $1.48 billion from the account of the Nigerian National Petroleum Corporation (NNPC) has already commenced, Diezani...
Oil prices rose on Wednesday as the Yemen conflict remained a concern despite a global supply glut. Brent crude for...
In 2010, Cote d’Ivoire petitioned the United Nations to complete the demarcation of the Ivorian maritime boundary with Ghana. This...
OPEC says the demand for its oil will rise during 2015 because the cartel is winning its price war against...