Global oil price may hit $100 per barrel next year on disruptions of production, export in Venezuela, Iran
Businessam Staff
May 11, 2018
The collapsing oil production in Venezuela and potential export disruptions in Iran could push the price of Brent crude as high as
US shale oil to drive crude prices below $60- Fitch
Businessam StaffMarch 15, 2018
Fitch Ratings, said in a report Wednesday that the U.S.’ rising shale oil production is expected to drive crude oil prices below
Largest Libyan oil field set to reopen Wednesday after deal
Businessam StaffSeptember 6, 2017
Libya’s biggest oil field is due to reopen Wednesday after a forced closure of more than two weeks, putting pressure on global crude
Fresh threat on Nigeria’s fragile economy in Niger Delta agitators’ planned attacks on oil installations
Businessam StaffSeptember 4, 2017
Trouble is brewing in the Niger Delta swamplands, home to oil, the mainstay of the Nigerian economy, as the Coalition of Niger Delta
Angola needs crude prices rebound to $60, says oil minister
Businessam StaffAugust 31, 2017
Jose Maria Botelho de Vasconcelos, Angola’s Petroleum Minister said it is essential for the southern African nation’s economy that oil
Libya’s oil disruptions widen as two more fields halt output
Businessam StaffAugust 28, 2017
Two more oil fields in Libya are being closed after an armed group took over pipelines to both deposits, further disrupting the OPEC