Oil prices dip as rally runs out of steam with investors booking profits
*Analyst see prices averaging $54 in H2... Oil prices were lower on Tuesday as market players took profit after eight ...
Thursday, June 25, 2026
Tag: Oil & gas
AFC signs US$28 million subordinated loan agreement with Tunisian oil firm
Africa Finance Corporation (AFC), a leading pan-African multilateral development finance institution and project developer, has announced its provision of a ...
OPEC’s output rose to the highest this year
OPEC’s crude production rose to the highest this year in June as member nations exempt from output curbs pumped more. ...
US oil-rig count falls for the first time in 5 months
The count of working oil rigs in the US fell this week for the first time in 24, breaking the ...
Oil set for longest winning streak in two months on U.S. output
Oil headed for its longest winning streak in two months after declines in U.S. crude production and gasoline inventories allayed ...
Eyes-on-shale OPEC resists calls for deeper output cuts
The chorus in the oil market calling for deeper production cuts gets louder almost every day. By resisting the clamor, ...
Russia sticks to conservative $40 oil forecast for 2018 budget
The Russian government is sticking to its conservative assumptions for oil prices as it drafts the budget for the next ...
Nigeria maintains control of refineries, approves new national gas policy
The national government in Nigeria said Wednesday it would continue to maintain its hold on the country's four refineries with ...
Palm oil takes shine off petroleum marketing on superior returns on investment
Quoted companies on the Nigeria Stock Exchange (NSE) whose primary business is the production and distribution of crude palm oil ...
Gabon set to reduce oil reliance as IMF approves $642 million loan
Gabon, OPEC’s smallest member by production, will try to reduce its reliance on oil by increasing investments in agriculture and ...
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