Angola cuts petroleum tax to reduce crude production decline
Africa’s second-largest crude producer, Angola, is cutting tax rates on development of marginal oil fields, a new feat, Joao Lourenco,
Oil prices hold near 2014 highs amid global supply jitters
Oil prices edged higher on Tuesday, staying near their strongest levels in three-and-a-half-years as investors fretted over the future
OPEC, non-OPEC members’ oil cut deal hit over 130%
The level of conformity to the Declaration of Cooperation by Organisation of Petroleum Exporting Countries (OPEC) and Non-OPEC has hit
Oil prices rise as U.S., China work on trade agreement
Oil prices were higher Monday as the U.S. and China have put their trade war “on hold” to discuss a trade agreement. The trade war
IEA in talks with oil producers, consumers, pledges to ensure market remains well supplied
The International Energy Agency (IEA) says it is in discussions with oil producers and consumers amid rising oil prices, and that it
Oil hits highest level since 2014 on concerns about Iran supply
Oil prices surged on Thursday on Thursday for the first time since November 2014 on concerns Iranian exports could fall, reducing
Brent crude futures edge closer to $80 per barrel on tight market
Oil prices firmed on Thursday, with Brent crude creeping ever closer to $80 per barrel, a level it has not seen since November 2014,
Petrol price crashes by 15% in February
The average price paid by consumers for petrol in Nigeria decreased by 15.1 percent year-on-year and – 9.6 percent month-on-month to
UAE oil minister sees no supply issue as a result of Iran sanctions
OPEC has enough spare production capacity to cushion oil markets as the U.S. re-imposes sanctions on Iran, according to United Arab
OPEC revises global oil demand forecast to 1.65mbpd amid rising prices
OPEC has revised its forecast for global oil demand growth this year, noting that sanctions, tariffs, and the U.S. withdrawal from the