Oil prices fell on Wednesday, with the U.S. benchmark settling at its lowest year to date, after domestic crude stockpiles in ...

U.S. Crude Oil Stockpiles Rise for First Time in 10 Weeks U.S. crude oil inventories increased for the first time in 10 weeks as exports fell and refineries lowered their capacity use, according to ...

Oil prices climbed above $81 per barrel yesterday, following the release of the latest Monthly Oil Market Report (MOMR) by the Organisation of Petroleum Exporting Countries (OPEC) and projections ...

Nigeria’s oil output has seen a significant increase, rising by 6.3% to reach 1.507 million barrels per day, according to the just-released January 2024 Monthly Oil Market Report (MOMR). This boost is ...

Nigeria’s oil output, excluding condensate, increased year-on-year (YoY) by 6.3 per cent to 1.507 million bpd in December 2024, from 1.418 million bpd recorded in the corresponding period of 2023.

Oil and gas extracted from pre-salt layers made up 77 percent of Brazil’s production. The output reached 3.594 million barrels per day, up 9.5% from the previous month. This amount stems from ...

(Bloomberg) -- Global oil ... barrel-a-day surplus the agency projects for this year. The EIA had forecast a small supply deficit this year in last month’s report. Driving the glut, output ...

Global oil markets will face a widening glut in 2026 as OPEC brings back production and output from the U.S ... to average a surplus of 800,000 barrels a day in 2026, the Energy Information ...

A recent report has predicted that Nigeria and Angola will drive the surge in oil production in Africa Africa Energy Chamber (AEC) stated in its 2025 report that the two countries will drive ...

Iran’s crude oil exports reached a record Iran’s crude oil exports reached a record 2.617 million barrels a day in April ... were affecting production output. Construction spending tumbled ...

According to the Executive Director of Okposon Security Services, Mr David Nwogu, crude oil production in Abia State has increased from 8,000 /10,000 barrels per day it hovered before August 2024 ...