Tuesday, March 10, 2026
Surprise crude oil build threatens oil rally
The American Petroleum Institute (API) has estimated a crude oil inventory build of 1.41 million barrels for the week ending...
Read moreDetailsRussian oil major returns to Libya after 5 year break
The National Oil Corporation of Libya has announced that Russia’s Tatneft has returned to its exploration project in the North...
Read moreDetailsOil set for big weekly gains as OPEC+ agrees on deeper output cuts
Oil prices rose on Friday and were on track for weekly gains as a meeting of OPEC and its allies...
Read moreDetailsOPEC, allies cut oil output by 1.7mbpd
Kenneth Afor The Organization of Petroleum Exporting Countries (OPEC) and its allies have agreed to further reduce output production of...
Read moreDetailsUS becomes net crude oil exporter, first time ever
The United States exported more crude oil and petroleum products than it imported in September 2019 — the first month...
Read moreDetailsOPEC tackles energy poverty in Africa as oil nations convene in Vienna
By Samson Echenim Global oil producers convened on Thursday in Vienna, Austria for the 177th OPEC meeting, where the oil...
Read moreDetailsSaudi Aramco targets top end valuation of $1.7trn
Saudi Arabia’s oil giant Aramco is assessing setting the final offer price of its initial public offering at the top...
Read moreDetailsNigeria still flaring 8bn cubic metres of gas worth $2.5bn annually, says environmentalist
Buhari promised to end flaring by 2020 Ben Eguzozie, in Port Harcourt With measures put in place many...
Read moreDetailsAfrican Energy Chamber calls for better fiscal terms, incentives to encourage oil exploration
By Samson Echenim The African Energy Chamber has called for sustained fiscal reforms to attract capital and technology into exploration...
Read moreDetailsOil prices surge as Saudi seeks more supply cuts
Kenneth Afor Oil prices surged on Tuesday in the international markets following speculations that the world's largest producer, Saudi...
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