Obaseki, others urge Nigeria’s FG to deregulate petroleum sector
Jackson Gaius-Obaseki, the former Group Managing Director of the Nigerian National Petroleum Company (NNPC) has advised the Federal
Crude or condensate? The dilemma over Nigeria’s oil-cut exemption
When OPEC agreed to exempt Nigeria from its oil production-restraint deal last year, it knew the country faced a huge challenge in
Oil markets stable on tighter U.S. market, expected OPEC supply cuts extension
Oil prices at the international market opened Thursday stable supported by ongoing OPEC-led supply cuts, tensions in the Middle East
Who are the biggest buyers of U.S. oil?
By Robert Rapier This year the U.S. has averaged more than 900,000 barrels per day (BPD) of crude oil exports while continuing to
China data boosts world stocks, commodities as oil jumps
World stocks and commodities rose Monday, boosted by upbeat Chinese data, while U.S. oil futures jumped to a near six-month high as
Why Kurdish oil is a wild card for markets
If Iraq’s Kurdish territory were a country, it would probably qualify for OPEC membership. It wouldn’t even be the smallest member,
Oil prices up $57.8 on fears of new Iran sanctions, Iraq conflict
Oil markets jumped Monday on concerns over potential renewed U.S. sanctions against Iran as well as conflict in Iraq. An explosion at
Saudis to make deepest cut to crude supply amid strong demand
Saudi Aramco plans to make “the deepest customer allocation cuts in its history” in oil supplies in November to help reduce global
OPEC meets to see over need for oil cuts extension as Nigeria considers output cap soon
OPEC and its allies indicated that they’ll wait a bit longer to see if further action is required in their bid to clear a global oil
Can 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 market