Ecuador breaks OPEC unity, announces rise in oil output to raise revenue
Ecuador has dealt a blow to OPEC unity by announcing it will start raising oil production this month, arguing it ...
Thursday, June 25, 2026
Tag: Oil & gas
Oil trades near $46 as Nigeria, Libya await decision to cap crude output
Oil traded near $46 a barrel as crude production rebounded in Libya, an OPEC member exempt from output kerbs. Futures ...
Exxon, Chevron downgraded at Wolfe on weak outlook for crude
Exxon Mobil Corp. and Chevron Corp. had their recommendations cut at Wolfe Research as the outlook for oil prices deteriorates. ...
UK lawmakers want disclosure of Toyota investment reassurances
The British government should disclose what post-Brexit reassurances it offered Japanese carmaker Toyota ahead of a 240-million pound ($313 million) ...
Oil prices edge up on strong China demand, signs of U.S. output slowdown
Oil prices inched up on Monday, supported by strong refinery demand from China and a slowdown in the growth of ...
FG set to revamp Port Harcourt refinery
The Senate and the Federal Government have resolved to revamp the Port Harcourt Refinery as against rumoured plans to concede ...
Investors attack FCA plans to pave the way for Saudi Aramco float in London
Investors have rounded on plans unveiled by the Financial Conduct Authority (FCA) to pave the way for Saudi Aramco to ...
China maintains position as world’s top crude oil buyer
Posting 8.79 million barrels per day (bpd), China, the earth’s most populous country bought more crude oil than any other ...
Tide turns for sulphur-rich oil in a sea of light crude
The world is awash with oil, but in pockets of the market lower-quality, sulphur-rich crude is limited and buyers are ...
Global LNG export to reach 650bcm by 2022, IEA
The International Energy Agency (IEA) said in its annual report released Thursday that global export capacity for liquefied natural gas ...
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