Wednesday, March 11, 2026
Oil holds gains above $50 as OPEC, Russia signal cuts working
Oil held gains above $50 a barrel as OPEC and Russia said they were well on the way to clearing a...
Read moreDetailsCan oil prices hit $60 in 2018?
By Nick Cunningham With Brent oil prices hovering right around $55 per barrel—the highest level in months—the oil...
Read moreDetailsOPEC allies seen acting more responsibly on production cuts
Since the beginning of the year, members of the Organisation of Petroleum Exporting Countries (OPEC) and their allies have been...
Read moreDetailsSaudis may raise domestic gasoline by 80% to equal international prices
Saudi Arabia is considering a plan to phase out subsidies for gasoline and jet fuel in November at the latest,...
Read moreDetailsOil prices up $56 on rising refinery demand, falling U.S. rig count
Oil markets were firm Monday and remained near multi-month highs reached late last week as the number of U.S. rigs...
Read moreDetailsShell set to exit Iraqi oil field after unfavourable changes to fiscal terms
Royal Dutch Shell is set to end a century of oil production in Iraq by withdrawing from two of the...
Read moreDetailsNigeria state oil firm moves to revamp refineries, inaugurates 8 committees ahead 2019 target
In line with the Presidential mandate of rehabilitating the nation’s three refineries, the Nigerian National Petroleum Corporation (NNPC) has inaugurated...
Read moreDetailsSurging gasoline prices lift U.S. producer inflation in August
U.S. producer prices rebounded in August, driven by a surge in the cost of gasoline, and there were also signs...
Read moreDetailsOil rises as IEA sees fastest demand growth in two years
Oil rose as the International Energy Agency forecast the strongest demand growth in two years, while OPEC was said to...
Read moreDetailsExxonMobil slashes LNG price to India in bad omen for producers
India has won a price cut on a 20-year liquefied natural gas (LNG) deal with global giant ExxonMobil Corp in...
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